Today, a stove that looks like one of those things in the 1991 catalog costs about $500, maybe $600. Washing machines cost about the same. That’s only a 25-50% increase, when overall prices have increased by 130% and rents have increased by 200% since 1991.
So yeah, when a stove was worth a whole month’s rent, it was comparatively a bigger deal than today, when a stove is worth less than half a month’s rent.
The same is broadly true of furniture and other home goods, too: prices have gone up slower than inflation, so in theory we could store more stuff in our cramped homes.
Relatively speaking? Appliances are cheaper than they were before.
Here’s a Sears catalog from 1991. Appliances are at the end, past page 800 or so. Stoves are $400 or $500. Washer is $400, and a dryer is $300.
By official inflation numbers, things are about 2.3x as expensive now as in late 1991.
Median rent, the rent that the average person was paying, was around $450. Median rent today is about $1500, more than 3 times as much.
Today, a stove that looks like one of those things in the 1991 catalog costs about $500, maybe $600. Washing machines cost about the same. That’s only a 25-50% increase, when overall prices have increased by 130% and rents have increased by 200% since 1991.
So yeah, when a stove was worth a whole month’s rent, it was comparatively a bigger deal than today, when a stove is worth less than half a month’s rent.
The same is broadly true of furniture and other home goods, too: prices have gone up slower than inflation, so in theory we could store more stuff in our cramped homes.