3 ms·

what good is your house doubling in value if all the other houses have also doubled in value?

• bb88 5y ago
  If your house you purchased for $200,000 20 years ago is now worth $1.4M, say, that's $1.2M in profit. You could live in a smaller house worth $1M and still get $400k of profit you didn't have before.
  • jazzyjackson 5y ago
    ah, I see the light now
    • imtringued 5y ago
      The young people working for that profit don't see it.
  • addicted 5y ago
    Or what happens in reality. You sell your $1.4mm house and move to a bigger house that costs about $400k in one of the sunbelt states. That’s why the sunbelt states are seeing population growth. Cheap housing. Never mind that it’s states like California, New York and Connecticut that are paying for those states’s ability to attract people with cheap housing.