Rents increase to suck all money out of the system. The more you are productive and the more you earn the more the rentiers will charge.
Unless supply is higher than all possible demand that will always be the way, but people won’t actually tackle this because some old dear in a 5 bed house they inherited 50 years ago might have to pay their way
The rise didn't take place I 1940, it was a gradual thing topping off around 1990.
And yes, standard of living (in terms of how much house, doctor time, education time and plane you can afford and how much free time you have) has gone somewhat down since 1960.
Are planes now more expensive than in 1960?? At least in Europe, flights were very expensive until roughly the end of XX century.
Regarding doctor time, it's a wrong metric - it doesn't matter how much time your doctor spends with you, what matters is if they get you better. And there's been a massive improvement in care and results over the past 6 decades. Just the progress in imaging techniques is incredible. Back in 1960 we pretty much only had X-rays, which are good for bones and not much else (I don't think even the ultra-sonogram was used back then). Whereas nowadays, we have these multi-million sci-fi machines, which allow the doctors to see the soft tissues inside the body in fine detail.
Unless supply is higher than all possible demand that will always be the way, but people won’t actually tackle this because some old dear in a 5 bed house they inherited 50 years ago might have to pay their way