this post was submitted on 29 Jun 2026
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It hurts homeowners who aren't interested in ever moving as well. Property taxes are based on home value.
Or those who do wish to move, and upgrade while doing so.
That depends on a few more factors.The fact that their home values have skyrocketed does go a long way to alleviate that.
Yeah, what may have been a $60,000 upgrade is now $250,000, but they're also getting another $200,000 for their home when they sell it, which makes up the difference.
I don't know how evenly houses go up or how much consistency there is, but going from $100K to $200K is easier than $300K to $600K.
Housing price increases are almost certainly making the gap wider for upgrades.
The thing is they aren't going up evenly everywhere. A $400,000 house from a few years back in my area is now selling for $600,000, but a $100,000 house from that same time is now selling for $300,000. So the price difference between the 2 has actually stayed the same.
The institutional investors are targeting the cheaper houses, so they're the ones skyrocketing the most in value.
So still a net loss for those wishing to upgrade.
As you said in another comment: