Quote Originally Posted by Relaxed View Post
True indeed. but it's also around the long term average for house price increases so it isn't adding to extraordinary growth in any way.
as an aside
I recently told someone that the average house price will eventually be $5 million, they said that's impossible, I said it's mathematics. 7% compounding growth will get there eventually

whilst over the past 100 years we have seen this trend of house price growth, in the long run it is also a mathmatical impossibility for it to continue assuming gdp remains an average of 2% per year.

debt can expand which is what we’ve seen in the past but it has limits as we’re seeing with rising interest rates and rapidly deflating property prices