Not necessarily in your house. I'm talking about the design of the units from when you were a child (Many public buildings in the EU have AC regardless of houses not having it). AC was invented in 1901, and has come a very long way since then, and we have begun combining it with old principles to extract the best of both solutions

Combining modern refrigeration/cooling techniques with well designed passive systems that exploit material properties (Heat capacities, transfer coefficients, etc.) to their advantage is the future of HVAC. It started with CFCs and knowing we could exploit their boiling point with mechanical force to chill air beyond the outside air temperature. Who knows where science and engineering may take us next!