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I'll agree that accurate forecasting is really hard - especially about the future :D

30 years you'd have had the same argument, but with different reasons. Now you're looking backward & appear to be saying that these are the only reasons that will allow growth to continue. Can you look forward & think of some reasons why long term growth could continue ? Cash buyers, switch...

Sale price. Regardless, the price for the seller has doubled, and the 8 new ones have diluted the median.

You're mixing up two concepts here. Firstly you say examples of properties prices doubling, then you talk about medians. They aren't the same thing. This is for a couple of reasons.... 1) the number of houses of a city increases over time - the properties added are almost always on the...