On Tuesday, 11 June 2013 at 21:55:48 UTC, Adam D. Ruppe wrote:
...and if you sell it, unless you own multiple houses, you're now homeless. And housing prices are up, so getting a new house will erase the gains you got from selling the old house! So I don't think raising property values makes me wealthier at all.
But when housing cost goes up the government can take more from you on anything based on your "wealth." Just because you can't pay because your wealth is all chewed up in material things like a house, who cares!
