owning a home valued extremely high does nothing for you if its the only home you own and you live there, especially if all the homes are valued high because you can't even "trade up" if you wanted.

it's usually kind of shitty, even, skyrocketing residential real estate prices is what drives gentrification by pushing fixed income owners out as tax assessments rise.

its such an obvious dog whistle for landlords and the sort or rich scum that have residential real estate portfolios.

one of the first "oh" moments i had while reading Capital Vol. 1 was understanding Marx' description of the tension between use-value and exchange-value. and the real estate/housing crisis is a stark example.

i wish more people would consider that, just because some rich freak will pay you even bigger bucks for the place you call home, it's not to your benefit.