Re:The U.S. Housing Market vs. the Canadian Housing Market
by stouset on Saturday September 09, 2023 @02:33PM
(#37448702)
But that’s entirely my point. It’s hard to actually realize these gains in practice since when you sell your house, the increase in value is absorbed by buying your next residence, which has on average also inflated in value.
[ Parent
| on HN ]
Re:The U.S. Housing Market vs. the Canadian Housing Market
by ThePowerOfFuet on Sunday September 10, 2023 @07:57AM
(#37455008)
Unless you move somewhere the cost of living isn't crazy, and pocket the difference.
Re:The U.S. Housing Market vs. the Canadian Housing Market
by stouset on Sunday September 10, 2023 @03:06PM
(#37458910)
That’s a one-time trick, and it only really works if you were already wealthy enough to own in a HCOL area to begin with.
Plus “moving to a less desirable area” doesn’t really dovetail with most people’s assumption of “increased personal wealth”. It is sometimes a good option for retiring somewhere cheap, which absolutely reflects a real increase in net worth. But it’s far from liquid worth and requires steep compromises not everyone is a fan of.