passwordforgetter@lemmy.nzBanned to Aotearoa / New Zealand@lemmy.nzEnglish · 3 months agoWhy rising house prices are a bad thingwww.rnz.co.nzexternal-linkmessage-square4linkfedilinkarrow-up116arrow-down10file-text
arrow-up116arrow-down1external-linkWhy rising house prices are a bad thingwww.rnz.co.nzpasswordforgetter@lemmy.nzBanned to Aotearoa / New Zealand@lemmy.nzEnglish · 3 months agomessage-square4linkfedilinkfile-text
minus-squareDave@lemmy.nzMlinkfedilinkarrow-up4·3 months agoAlso people tend to move from lower cost to higher cost houses over the years. If house prices go up a lot, the price gap between the houses is larger. Basically the only people benefiting from house prices rising are those downsizing.
Also people tend to move from lower cost to higher cost houses over the years. If house prices go up a lot, the price gap between the houses is larger.
Basically the only people benefiting from house prices rising are those downsizing.