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Price appreciation alone isn't enough to force people to sell - they can take out home equity loans, and the appreciation is more than enough to cover the incre
by ThrustVectoring 7y ago
Price appreciation alone isn't enough to force people to sell - they can take out home equity loans, and the appreciation is more than enough to cover the increased taxes and interest payments. "Doubles in value every 8 years" means something like 9% appreciation, HELOC rates are 5% and property tax rates are below 2%. Starting with a paid off house, you can take out home equity loans to cover property taxes forever with that rate of price appreciation.