True.
I tell my children a house use to cost $4500.00 30 years ago. But now costs 20-100 times that amount, while minimum wage hasn't increased by 20-100x, and the cost of everything has 20-100x also. The idea is that you should be happy because one asset increased in value 20x but the cost of everything has increased so much and your wages haven't so you are much worse off then before.