There’s that and the fact that most people who sell a house will still need new housing afterward. The value can be kind of moot unless you’re in a position to majorly downsize or relocate to a lower cost-of-living area.
If you plan on actually living in your house, and not pulling out any equity, property value rising had a negative effect on you in that your taxes rise.
For most people adding a couple hundred to a few thousand dollar bill on them - for effectively no reason - is a big deal. Some consider it a hostile action, and I’m in no position to argue them.
There’s that and the fact that most people who sell a house will still need new housing afterward. The value can be kind of moot unless you’re in a position to majorly downsize or relocate to a lower cost-of-living area.
good point. especially since it seems very few people pay off a mortgage nowadays. Its just sorta a reshuffling of monthly costs.
If you plan on actually living in your house, and not pulling out any equity, property value rising had a negative effect on you in that your taxes rise.
For most people adding a couple hundred to a few thousand dollar bill on them - for effectively no reason - is a big deal. Some consider it a hostile action, and I’m in no position to argue them.