property cheap??, page-36

Prices are mad

does not mean they are realistic, sustainable, or represent any real value.

and yes historicaly property may very well have double every 8 years.

and based on that many property prices have doubled (and even gained more in some cases) in the last 3 years or so.

So that alone if nothing esle should sound some warning bells about the current value of property.

Property may not drop much but based on your historical growth arguement there should be around 5 years of stagnation in property prices just to come back in line with historical growth.