“People who have owned their homes for years should be delighted that home prices are rising.”
Not unless they plan to sell and move to another area where housing is much lower priced. Otherwise there is no benefit to home owners, only penalties.
“Not unless they plan to sell and move to another area where housing is much lower priced”
Or if they are downsizing,which many are doing these days.
The tax benefit is great.also.
.