this post was submitted on 20 Dec 2024
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Without diving into the data behind this, I'm willing to bet that there's a plateau around the $1 million mark, caused by simply owning a detached home in certain markets.
It's a good thought, but I'd take that bet with you. Houses can be remortgaged, or alternately converted to a rental while you get a second place. I suspect any bump is pretty small because people just continue to accumulate if they can.