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Ok yeah, I'd consider moving if I could sell my house at $100k above market. But that's not how it works. Realistically, the whole market moves together, so I
by __MatrixMan__ 2y ago
Ok yeah, I'd consider moving if I could sell my house at $100k above market. But that's not how it works. Realistically, the whole market moves together, so I'd just end up paying $100k extra wherever I move into. It's not real.
Whether I get mugged while I'm walking home from the grocery store... that's real, and it's a function of whether there's affordable housing available.
Also, these are not independent variables. My house would be worth more if it were not in an area where you get mugged on the way home from the grocery store.