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Home value does not (generally) matter to you day to day if you plan to actually live there. Hell, if the value of your home goes down that could lower your pro
by kevingadd 4y ago
Home value does not (generally) matter to you day to day if you plan to actually live there. Hell, if the value of your home goes down that could lower your property taxes!
Of course in the US, homes are first and foremost an investment, so losing resale value is one of the worst things that could happen to a homeowner, or something.
- jleyank 4y agoOnly issues I can think of would be going underwater on a mortgage which might cause financial problems or having the price or liquidity drop when you need to sell short term.
- PaulDavisThe1st 4y ago> Home value does not (generally) matter to you day to day if you plan to actually live there. Until you retire or for other reasons find yourself living on a fixed (and possibly diminished) income, while property taxes based on home value continue to rise.
- kevingadd 4y agoThat would make your home value going down a good thing, wouldn't it?
- PaulDavisThe1st 4y agoIt would, indeed. Hard to get that timing right, though.