The rising price of a house you own means very little if everything is going up - plus throw in inflation, interest rate, and taxes. If you move now, you are going to pay more unless you significantly downsize.
I think downsizing was always part of the original calculus.
The advice I’ve always heard was get a starter house, once you’ve got enough invested and more income upgrade, eventually downgrading to a bungalow which helps pay for your end of life.
However, bungalows are going for way more than other house types because of all the simultaneous demand.
The advice I’ve always heard was get a starter house, once you’ve got enough invested and more income upgrade, eventually downgrading to a bungalow which helps pay for your end of life.
However, bungalows are going for way more than other house types because of all the simultaneous demand.