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Jeff where would you get the info that teak erodes at the rate of 1/8" a decade? Under what conditions? I am professionally trained as both a cabinetmaker and a boatbuilder and I would never make such a blanket statement about any wood. It would all depend on exposure to weather, use, care (sanding or not, oiled or not), etc. For instance, the boat I am currently rebuilding is 34 years old, has 3/8" teak decks in the cockpit, has never been taken care of that I am aware of and is still very close to 3/8" thick. By your statement there should be nothing left of it.
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