It's not terrible if property values fall somewhere between inflation and GDP growth.
Presumably GDP growth per capita, but even then, why would that be any better than "not a cent more than inflation", or for that matter even for housing prices to decline over time (e.g. through increased automation in construction)?
Presumably GDP growth per capita, but even then, why would that be any better than "not a cent more than inflation", or for that matter even for housing prices to decline over time (e.g. through increased automation in construction)?