If you own one house with no mortgage, then the market going up is bad because it's harder to upgrade.
Unless you're retiring and downgrading. For those with families who grow up and move away, the house can be seen as an investment if they intend to move into a smaller space once they're just a couple again.
Of course, that's assuming their kids don't have to move back home because of astronomical rent prices and a sizeable wealth gap...
Unless you're retiring and downgrading. For those with families who grow up and move away, the house can be seen as an investment if they intend to move into a smaller space once they're just a couple again.
Of course, that's assuming their kids don't have to move back home because of astronomical rent prices and a sizeable wealth gap...