Quote:
Originally Posted by PepsiFree
It would suck if you wanted to sell for some reason, which is likely a much bigger issues for older homeowners than younger ones.
With no intention to sell and everything else fairly stable, I can honestly say I do not give a #### what my home is worth.
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Sure, but it's not only in that case. People borrow against the equity to start businesses all the time. If your equity disappears, that's out the window. And for a lot of younger homeowners the value does matter if you need to renew the mortgage. Who's giving you $400k on a property that is now worth $350k?
And of course...peoples circumstances in life change. There are plenty of reasons people need to sell homes, and it's not just sheer greed and cashing out.