But why does it matter how much it is worth? You live in it, no realising of gains possible unless you leave the country or downsize (from a tounhouse?). The people with multiple properties are making money at your expense. If it was not for property speculation you could be living your dream for half the price.
I have no issue with speculation and investment EXCEPT many owner occupiers feed it by incorrectly thinking they are better off if prices rise. It is the biggest con of the century.
So yes please always allow investment but please enevr ever think you are ricj becasue porpety goes up, it is the same for abery house. Just cost more to upgrade or for your kids to buy a house. ZERO logic.
