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That already happened. A friend of mom, his aunt, owned a house in a bay in Ibiza during the 1960s. She bought it for €150k back in the day (which still was a lot of money back then).

A few years ago, she sold it for €12 million.

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According to this [0] calculator, $150K in 1965 is nearly exactly $12M in todays dollars (not sure how to inflation-adjust euros back into the sixties :-) ).

[0] https://www.usinflationcalculator.com/

I am getting $1.2M. What it would make more sense. Ibiza in the 60s was dirty cheap compared to what it is today.

It's $1.2m actually according to the calculator, not $12m. So the asset went up 10x more than inflation in those 55 years.

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