thing about non liquid assets is they tend to be paper value. A house is unlikely to lose all its value like a stock but can still lose value. Income it comes down to if they are saving any of it at the end of the month or eating into savings each month (or worse taking on depth for month2month)
There’s that and the fact that most people who sell a house will still need new housing afterward. The value can be kind of moot unless you’re in a position to majorly downsize or relocate to a lower cost-of-living area.
If you plan on actually living in your house, and not pulling out any equity, property value rising had a negative effect on you in that your taxes rise.
For most people adding a couple hundred to a few thousand dollar bill on them - for effectively no reason - is a big deal. Some consider it a hostile action, and I’m in no position to argue them.
thing about non liquid assets is they tend to be paper value. A house is unlikely to lose all its value like a stock but can still lose value. Income it comes down to if they are saving any of it at the end of the month or eating into savings each month (or worse taking on depth for month2month)
There’s that and the fact that most people who sell a house will still need new housing afterward. The value can be kind of moot unless you’re in a position to majorly downsize or relocate to a lower cost-of-living area.
good point. especially since it seems very few people pay off a mortgage nowadays. Its just sorta a reshuffling of monthly costs.
If you plan on actually living in your house, and not pulling out any equity, property value rising had a negative effect on you in that your taxes rise.
For most people adding a couple hundred to a few thousand dollar bill on them - for effectively no reason - is a big deal. Some consider it a hostile action, and I’m in no position to argue them.