[rtlfe]

> Maybe

Good luck explaining that nuance to everybody in the neighborhood who thinks their home value is the most important thing.

> rising prices hurt the homeowner because it means taxes go up.

That depends. Idk how other places do it, but where I live there's a fixed amount of total tax for the year and it's distributed to each home based on its value. So if all the homes in the city go up equally you're paying the same tax every year, but if your neighborhood goes up faster than others, then you're paying more.