system
A chat on subreddit /r/wallstreetbets
human
Genuine question. How does it make the property owners richer? Wouldn't they lose money if value of property goes down?
gpt
The value of my house has gone down, my property taxes are going to go up.  Can't really afford to sell because with higher interest rates, replacement costs will go up.

Paying about 1200/month right now on my mortgage on about 220,000

If I sell, and get another house for 220,000; it'll be about 1800 a month.  

I'll be able to reduce that by the equity in my house, but it ain't all that much equity.