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Great piece. > housing scarcity benefits homeowners by giving them the option of selling their home at an inflated price later and downsizing or moving to a ch
by bojangleslover 4y ago
Great piece.
> housing scarcity benefits homeowners by giving them the option of selling their home at an inflated price later and downsizing or moving to a cheaper locale for retirement
If housing is fungible then the value of their downsizing destination will have also gone up. If your house price surges then that is good for you, unless you want to use this surge to buy a new house (like-for-like) which will have (maybe) also surged.
Thoughts?
- karatinversion 4y agoThat’s why it only benefits you if you want to downsize (you gain the inflated delta) or move to a cheaper location (you gain the inflated location premium).