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Also, people who own multiple homes, and people who are in the biggest house they are likely to own and expect to downsize.
by dmurray 2y ago
Also, people who own multiple homes, and people who are in the biggest house they are likely to own and expect to downsize.
- JoshTriplett 2y ago> people who are in the biggest house they are likely to own and expect to downsize That's covered by the case of "property values go down everywhere"; you only have a problem if your property value goes down but the value of property you want to buy doesn't.
- dmurray 2y agoNo, if you have a $1m house and you're intending to downsize to a $500k house, and they both lose half their value, that's $250k less in your pocket for retirement.