Elfy: "On average over the lat 50 years property will double every 7-10 years"
Looking at the data, it looks more like doubling every 10 years for the last 30 only.
If property falls back to the long term average of keeping up with wages growth, and that was 3%PA, it would take property 20 years to double, and it wouldn't be worth any more in real terms than what it was 20 years ago.
