Quote:
Originally Posted by C-One
Look at it from the perspective of you selling the house.
Do you want $2,000,000 for your property or $1,000,001 ?
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The only people this would really effect are real estate investors, and retirees looking to downgrade(but these people have been riding the upward wave from the beginning). When you sell your home for 2 million that you'd like, you now have to pay 3 million for that bigger lot.
What's the advantage to higher house prices other then bragging how much it's worth?