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  1. S

    Property doubles every 14 years, not every 7

    Please excuse my happy feeling today but a share of mine, last night, doubled for the third time since I bought it six (about) years ago. Excel shows a 701% gain. I couldn't post the chart but any who care can look at the 5 year chart of RBI.TSX, consider that I bought earlier, cheaper and...
  2. S

    Property doubles every 14 years, not every 7

    Thanks Jazz. I was very surprised at the 5year bit so I just had another look at the crude spreadsheet I did. I hadn't put in any commas so I did the calcs to $3 million. :o Sadly I'm not a millionaire. But it is still a real life, long term example for the discussion. Regards.
  3. S

    Property doubles every 14 years, not every 7

    Here's another example in a regional town over a longer period: Bought in '68 for $10,000 with a current value around $300.000. This means it has doubled every 5 years. But when it was bought it was towards the edge of "civilisation", today it is at the demographic heart of the city with...
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