“The vast majority of that increase becomes homeowner windfall profits.” I see this sentiment a lot in these threads, that somehow the fat cat homeowners are l

“The vast majority of that increase becomes homeowner windfall profits.” I see this sentiment a lot in these threads, that somehow the fat cat homeowners are laughing all the way to the bank. For most of these homeowners this property is their home, just because it goes up in value quickly over 5-10 years doesn’t net them any “windfall”, and it could all vanish as quick as it came. As somebody mentioned in response to a similar article, individual homeowners aren’t in it for the increased property value. They’re in it for lower taxes and a safety net against change. Just like (individual) “NIMBY”s aren’t in it for property values, they’re in it because they don’t want change.