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> Second, that's my point, unless it's an investment property or if you're selling and leaving the city altogether, you haven't actually earned $75,000/year. Y
by epups 3y ago
> Second, that's my point, unless it's an investment property or if you're selling and leaving the city altogether, you haven't actually earned $75,000/year.
Yes, you have. You can take loans against your property value, for example. But even if you sell and put the money right back into another inflated asset, you still actually earned it.
- parthdesai 3y agoSure, you can take out HELOC against it, and but you're playing a very dangerous game when interests do rise. That has literally been happening right now.
- medvezhenok 3y agoYes - the point is, by staying in your house you are now consuming more housing than you were before, even though it’s the same exact house. The wealth is quite real - it just doesn’t feel that way since the experience of it doesn’t change