this post was submitted on 29 Jan 2026
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traingang
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I own a home, or at least I'm paying a mortgage. This is me:
I don't understand why I would want home prices to go up. If I sell it, it just means I pay more to replace it. I still need a house, so I don't see how risong home prices give me any benefit. Am I missing something, or are the rising proces just good for the banks and people that speculate on properties they don't actually need or live in?
This is slightly less effective now that interest rates have come up some, but for people who bought at like 2% in the 2010s, yeah: it was basically just the bank (and government) funding the most profitable investment possible for you with no downside or risk at all. That's how a lot of boomers see their house.
That other half of this "trick" is to then leverage your (now more valuable) asset to buy another house and rent it out. You take your $100,000 in profit that you made from sitting on your "asset," pull it out, and use it as the down payment on another property, then get some poor desperate person to pay the mortgage on that while you pocket the appreciation and get the property at the end. The faster prices go up, the easier it is for people who already have their foot in the door to just keep doing that over and over. It's braindead easy if you have no soul.
I think the idea is you cash out when you're old and then just live in a condo somewhere warm.
Problem is Boomers don't realize there won't be anyone to cash out to if the prices inflate too much and the younger generation is too poor to buy. I mean, I guess Blackstone could buy up a lot of them but I don't think even they have the capital to buy EVERY boomers home at it's current listing.