For brand new homes, US median price increased from 23k to 330k in the last 48 years, even faster than older homes. National accumulative inflation is 5.4 times in the last 48 years. After inflation and accounting for home size increase, real new home price doubled.
Since home price grows only a little over inflation, the probability of inflation matching or slightly trailing home price appreciation is highly predictable. Stock price? It’s uncertain that stock will grow at twice the annual inflation rate for another 48 years. Actually I don’t understand why stock price should grow at twice the annual GDP grow rate forever.
