Sure there's a lot of equity out there. Owners can make a killing. Then why are so few owners not selling?
Prices are too high to rent. If they sell, the rents are way higher than their current fixed mortgage.
Prices are too high to buy. If they sell, it's hard to upgrade these days unless you move to a different location. Most people might make a lateral move or even downsize, but it's hard to upgrade.
At the end of the day, it's better to own.
