re: US homeowners hit the jackpot. Median homes up 53% from Jan 2020 to Aug 2023

quote:

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so the value on my house went up 53 percent, which is unrealized gain till I sell 20 years from now

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There's no chance you actually got appraised 50% higher. The appraisals are always absurdly low - and, at the very least - lag.

But your point is taken. There's no completely free lunch. Your concerns are rational - you've just left several things out.

And depending on the actual numbers, you might get to itemize and effectively pay a lot less than that.

You also have a larger, financeable asset on your balance sheet.