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I dont see how that explains where the money comes from "Argument 1) You could have a situation where the median house is flat (or moving with CPI) but your own IP is increasing in value. This is because the median house is moving further out and your IP is becoming relatively more convenient...

I wonder too? I can see units/villas/townhouses increasing in popularity as they are more affordable. I know there are quite a few people out there with big money to buy houses but the average house is getting unnaffordable for the average person. There are limitations to how far away from...