That’s still wealth, though. Just because you need to go through the inconvenience of moving to make it a liquid asset doesn’t mean it’s not worth a lot, and it’s in the owner’s material interest that it goes up in value.
It’s not like you have to buy another house when you sell it; you could move to a rental, or move in with a SO/family.
People who live in a cutthroat society where precarity is just one unlucky event away will hold on to what wealth they have for dear life.
Yeah but it’s not wealth unless you intend to sell your own house, and then you’ll need to like… live somewhere still.
That’s still wealth, though. Just because you need to go through the inconvenience of moving to make it a liquid asset doesn’t mean it’s not worth a lot, and it’s in the owner’s material interest that it goes up in value.
It’s not like you have to buy another house when you sell it; you could move to a rental, or move in with a SO/family.
Right. It’s only wealth if you have extra housing to use or intend to choose to rent for some reason, a generally very poor decision financially.