Last week there was a press release from the Building Industry and Land Development Asssociation (BILD) that got a fair bit of attention in the press with its headline of "Price of low-rise homes more than doubled in last decade." Adjectives like impressive and exponential were used to describe the growth. Easy there, tiger.  Rule of 72 "Double in 10 years" is only 7.2% a year (assuming compound interest — see the handy "Rule of 72"... [read more]