Agreed, if you include inflation, you could see increases like that, but spelled it out, ' in today's money'. Comparable with today's median wage, which would mean median house price would be about 30 times annual median wage.
If prices double in real terms every ten years as they have done then this would be the outcome. And unless loan periods were increased to more like 100 years, this is pure fantasy. there is only so long property prices can outgrow wages growth before prices stagnate for some time or go back to the long term average. Blind Freddy should be able to see that.
