That's purely a paper profit. As the parent said, they can't afford to move to a similar apartment, so they're unwilling to sell. That probably goes for a lot o

That's purely a paper profit. As the parent said, they can't afford to move to a similar apartment, so they're unwilling to sell. That probably goes for a lot of other homeowners in the area, which seems likely to contribute further to higher prices. Seems pretty dysfunctional to me.