The gyrations of real estate values and mortgage rates shouldn't keep us up at night. A house is not a stock, to be sold when earnings disappoint or a sector falls out of favour. Most people buy a home to live in it, to raise families, to seek refuge from the rat race, and — as comedian George Carlin once explained — to keep their stuff.
Providing homeowners have purchased a property at a price they can carry within their means, and can ride out the ups and downs of interest rates without lifestyle disruptions, the changing market value of their home is largely irrelevant."
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