Mr. & Mrs. Fairly Young, congratulations on your wealth build-up.
The house you bought in late 2020 has shot up in price.
But the politicians are all campaigning on affordability - we might lose all our equity in a few years.
Having your house go up in value is bad. I don’t know why this fallacy is pushed. This just means you have more taxes to pay on an asset you are living in.
The ONLY time that it is good for your house to go up is when you are ready to sell.