Reposting this fantastic graph by Saifedean-
Before fiat- decreasing house prices and more, better housing
After fiat- housing used as store of value and becomes harder to achieve 
Discussion
Don't forget that aesthetics have gone off a cliff. Custom architecture had a golden age-- drive through an older neighborhood and you'll see. Modern gated communities with multi-million-dollar houses just don't compare.
100% This is because the use of housing as a store of values means banks want a homogenised product that is easy to evaluate even if you are just a finance guy-
Houses are designed 
to be liked by this dude.