It also doesn't help that there are now taxes to pay on house appreciation whenever you sell, so you can't sell and take the proceeds to buy elsewhere since the taxman will take a large chunk of it.
It used to be that if you sold one house and bought another for same price then there would be no appreciation taxes, but that stopped a few(?) years ago.
Until something changes, many people are stuck in their homes, unless they are willing to accept the huge downgrade in what they can afford if they moved.
It used to be that if you sold one house and bought another for same price then there would be no appreciation taxes, but that stopped a few(?) years ago.
Until something changes, many people are stuck in their homes, unless they are willing to accept the huge downgrade in what they can afford if they moved.