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.
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.