Quote:
Originally Posted by CoachKandSportsguy
hoping for / looking for increasing house prices isn't the goal you really want to have.
substantial increases greater than general inflation brings its own issues, including increases in insurance rates greater than inflation, potential increases in tax rates, inability for support/service labor to live here, and you can't spend it to pay for bills. . .
Colorado Ski Town Can't Fill $167,000 Salary Job Due to Housing Costs
I don't get the goal for increasing one's economic shelter costs or illiquid asset value unless you can monetize it easily and cheaply. excessive Increases in house value is just an ego massage, as its expensive to monetize it to pay bigger bills. |
I guess you could monetize a home that was up significantly in value by SELLING and moving to a cheaper area. But, most Florida retirees would NOT like the cold weather in western Maine or some such place.