[westopher]

To be fair unless you own multiple properties, or plan to leave the city, your value increasing is a negative.
It enhances the gaps between upsizing for a family to move into a larger home.
High property values only help people with skin in the game. If you live in your home it’s an adverse affect. Everyone gets caught up in net worth and thinks it makes up for them being cash poor. As someone who would like to stay in the community and see it be successful, dropping property values are a benefit. Problem is every fucking asshole thinks they are wolf of Wall Street when they see their homes assessed value has double, they lose all understanding of math.