As far as the house you live in, if you don’t plan on moving, why do you care about the value of your house? For me, getting a house with a fix rate loan was a no brainer. Rent where I was staying from 2012-2016 went up by $500 and it’s gone up another $300 since then - and I’m neither on the west coast or live in NYC.

Owning a house as a primary residence is a great inflation hedge. Besides, apartments can kick you out within a matter of weeks if you don’t pay. Banks really don’t want to foreclose on a house - especially during a downturn. You have a lot more leeway on not paying your mortgage than your rent.