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A comment on The U.S. Housing Market vs. the Canadian Housing Market. Parent comment

Re:The U.S. Housing Market vs. the Canadian Housing Market by epups on Saturday September 09, 2023 @01:25PM (#37447782)
> Second, that's my point, unless it's an investment property or if you're selling and leaving the city altogether, you haven't actually earned $75,000/year.

Yes, you have. You can take loans against your property value, for example. But even if you sell and put the money right back into another inflated asset, you still actually earned it.

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Re:The U.S. Housing Market vs. the Canadian Housing Market by parthdesai on Saturday September 09, 2023 @01:42PM (#37448000)
Sure, you can take out HELOC against it, and but you're playing a very dangerous game when interests do rise. That has literally been happening right now.
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Re:The U.S. Housing Market vs. the Canadian Housing Market by medvezhenok on Saturday September 09, 2023 @05:25PM (#37450439)
Yes - the point is, by staying in your house you are now consuming more housing than you were before, even though it’s the same exact house.

The wealth is quite real - it just doesn’t feel that way since the experience of it doesn’t change

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