Without diving into the data behind this, I’m willing to bet that there’s a plateau around the $1 million mark, caused by simply owning a detached home in certain markets.
It’s a good thought, but I’d take that bet with you. Houses can be remortgaged, or alternately converted to a rental while you get a second place. I suspect any bump is pretty small because people just continue to accumulate if they can.
Without diving into the data behind this, I’m willing to bet that there’s a plateau around the $1 million mark, caused by simply owning a detached home in certain markets.
It’s a good thought, but I’d take that bet with you. Houses can be remortgaged, or alternately converted to a rental while you get a second place. I suspect any bump is pretty small because people just continue to accumulate if they can.