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That's right. People should keep believing that. Less competition for some of us.

Correct just as people think it is different now and we will never have major wars again, US has invaded the Middle East and Russia the Ukranians. History always repeats. So does house price growth.

The index from my observation is almost always a better buy than property, especially if the ability to time well was taken into account for both. The only difference is with the index, you can't leverage cheaply without being margin called.

What when vegetables costs 100k?

Some properties double in 2 years, some don't move for 10 years.