5 ms·

Thank god the homeowners are protected from this. I was worried the >100% increase in home value they have seen in the last 5 years might be pulled back a littl

• Sohcahtoa82 5y ago
  Speaking as a homeowner, an increase in home value does nothing for me. I plan on living in this house until I croak. If I do happen to move for whatever reason, the increased value doesn't help since likely, ALL houses have gone up. My $300K house being worth $600K doesn't really help when the house I'll need to buy is also now $600K.
  • dragonwriter 5y ago
    Additional equity in a home is useful for a lot more than buying another home, which (assuming all homes inflate equally), you are correct that it is of not much value for.
  • em500 5y ago
    If you don't have descendants/heirs, an increase allows you to withdraw a massive amount of equity. If you do have heirs, a value increase will do tons for them (further increase inequality in the next generation) if it does nothing for you.
  • staticman2 5y ago
    If you plan to live in the home until you die, an increase in home value can be tapped via a reverse mortgage to pay for in home caregivers if you are sick near the end of your life.