You could modernize it, keeping the external historic charm, but the inside layout is not geared for modern living -  20' wide grand stairway w/ 16' ceilings just isn't practical in this day and age.

It's much easier and more tangible to judge yourself and others on external things. 

Someone mentioned speculation, that is not estimating appreciation really, speculation usually hopes for a greater valuation in a short period due to external influences, such as a highway change, a change in zonning, a new market influence such as a large business or public park being located nearby the subject and it generally applies to raw land more than a residence.

Hence, the terms are a bit "harsher."

It can be done, but as others have commented on a lot of it has to do with external conditions that many would call "luck."  

To me, the biggest "poor" behavior is believing that external forces control your financial well being, not you.

When you say slavery to our jobs and our things that's true but its by our own choosing that we decide to get up and go to work each day. you can choose not to, although the consequences might not be worth it, thats each individuals right and no one forces you to work.The slavery we were debating was a much harsher treatment of human beings, to the point where they were less than human, if you didn't work, you would get branded, whipped, scarred, your family would be injured to make you work. there was no free will in that, the slaves got nothing for it.

It has many, many advantages that far outweigh the delay.There is another way they can do things which is a harsher step that some are beginning to consider.

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But using 10% assuming no external contributions you are probably looking at doubling your money every 7 years and getting to $1.2M in about 14 years.