You’re totally ignoring interest rates which since 1982 have trended downwards significantly. Combined with inflation this is why properties have gone up in cos

You’re totally ignoring interest rates which since 1982 have trended downwards significantly. Combined with inflation this is why properties have gone up in cost. A home will be priced based on the monthly payment the buyers are willing to make and that includes principal, interest, and taxes. As interest goes down, principal goes up. In general this is good as more of the buyers monthly payment goes into equity instead of bank profit. You can sell your home and get loads of cash and buy a smaller place or rent. Many people “downsize” when the kids are grown and often move to lower cost of living areas. Also, your home is an asset. You can borrow against it. Considering you have not had a monthly payment for nearly 20 years you’ve had ample opportunity to save more money and upgrade your property if you’ve wanted.