In 1950, an average home could be paid in full using 100% of an average employees 2 years of income.
Today the national realtors association reports the median price for an existing home is 410,200. This would indicate you need an income of 205,100 or year in order to buy it with 2 years of income.
Now my question is, what tax rate did you have in 1950 compared to the tax rate you have now with 205k income?