Just because something is higher quality does not mean it has higher subjective value. E.g. i still think i come out ahead with cheap clothes and a laptop then someone 100 years ago with higher quality clothes.
Also average houses from that time period were tiny, with about ~1000 sq ft of livable space. That people were expected to raise families in. My apartment (which is just for me and my cat) is bigger than that!
A better comparison would be this: would you rather have 3 suits that you wore everyday that cost a months wages, or 30 shirts and pants that cost a weeks wages but are lower quality.
(Also, IMO, houses today are much higher quality than in the past as soon as you account for safety)
