The fantasy is that you get to stay in your house while its value rises. Having to leave (because they need to build the apartment complex) is less appealing, n

The fantasy is that you get to stay in your house while its value rises. Having to leave (because they need to build the apartment complex) is less appealing, not least because now you have to find a new place to live and, if nearby prices have gone up, you're not much better off than before (this is especially true of the huge number of people who bought houses at extremely low rates since 2008, since they'd have to refinance at current rates), or else you have to move further away from your friends/family/community.