A Stuff article.
If you’re a homeowner, it’s easy to watch your house jump tens or hundreds of thousands of dollars in value and think you’re benefiting from the housing crisis.
However, when you run the numbers the reality is that for most owner-occupiers the ability to move up the ladder into a bigger home or better school zone is getting harder, resulting in bigger debts, longer-term mortgages, and less disposable income.
So if the average homeowner, who has enjoyed an estimated median property gains of $215,000, is arguably still in the losing column, who is winning?