[mintyfresh]

20% growth would mean the wealth in the area would double every 3.46 years.

This morning, it was announced that the US GDP grew at an annual rate of 2.9% last quarter, accompanied by the WSJ headline "US Economy Roars Back" [1].

20% growth is nowhere near "reasonable".

[1] http://www.wsj.com/articles/u-s-economy-grew-2-9-in-third-qu...

[foota]

GDP is a measure of income, not wealth. It makes sense that wealth matters more for house prices than income, because it's a ~ one time purchase.

[dilemma]

Inflation, not growth. You get less house for the same money.