[Hondaracer]

In his scenario you lost that built equity you could have used to substantially upgrade in a different market due to govt. intervention.

Look at a place like Penticton. Guaranteed home prices have seen minuscule gains there compared to the lower mainland. Losing that additional 100-300k in 10-20% swings could be massive in terms of what you get in a different market.

For me I’d say I “lost” potentially 300k in equity from 2016 to today and that’s with us puting in 100k or so in renovations over that same time period. I feel the same as weatopher though I live in my house, I enjoy my neighborhood, I never dwell for too long on what could have been etc. I’m fortunate to be in my situation however it just speaks to the market when I couldn’t even recoup my personal investment and sweat equity caused by market swings due to govt. intervention.

That’s without even bringing up the federal stress tests which are further pricing people out of a market they barely squeezed into before

If you’re in the market, climb climb climb!

If you’re out of the market, crash, crash, crash!

If anything at least with the market slowing that sentiment of essentially saying if you’re not in this boat or that boat I hope you get fucked has quieted some.