Here in the Silicon Valley area, if you bought a house 40 years ago, the amount paid over asking today is three to four times what you paid for the house. Read that carefully. I’m not saying the house is selling for three to four times what you paid for it. The amount paid OVER ASKING is three to four times what you paid for it.
This is sheer lunacy.
Just think about selling and moving (if desired) to another state with that money. You could live off the sale of the home forever. Wouldn’t that be nice!