this post was submitted on 20 Dec 2024
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[–] IrateAnteater 17 points 2 months ago (1 children)

Without diving into the data behind this, I'm willing to bet that there's a plateau around the $1 million mark, caused by simply owning a detached home in certain markets.

[–] [email protected] 1 points 2 months ago* (last edited 2 months ago)

It's a good thought, but I'd take that bet with you. Houses can be remortgaged, or alternately converted to a rental while you get a second place. I suspect any bump is pretty small because people just continue to accumulate if they can.