Not exact matches
They
benefited from
rising property
values mostly after they purchased their
homes, and once they burned their mortgages and their kids left the nest, they set about saving for retirement in a big way.
Amid fears the tax might adversely affect pensioners or those on low or medium incomes who had seen the
value of their
home soar as a result of property price
rises, Mr Cable said they may actually
benefit.
«The ongoing
rise in
home values in recent years has greatly
benefited homeowners by increasing their household wealth,» says Yun.
But when new housing is proposed, those who stand to gain from it most often do not live in the city where it is proposed — they include renters and future homeowners throughout the metro who would
benefit from slower housing price growth, and whose ability to remain in the metro diminishes when rents and
home values rise.
While
rising rents and
home values have
benefited many along the way, they have become enough of a burden on young adults and families that a new political movement has emerged; this movement argues that more
homes must be built in order to mitigate housing price appreciation and allow more people to live where they wish.
Despite improving confidence [in 2017] from renters that now is a good time to buy a
home, the inability for them to do so is causing them to miss out on the significant wealth gains that homeowners have
benefitted from through
rising home values.»