Those who bought in Cupertino, Sunnyvale and mountain view are cash rich people, multi-millions through stock options. The value stays, but appreciation percentage may be reduced to inflation+some location markup (2%-5%) normally. On any case, real estate assets can protect from inflation.
My old realtor says that we can expect home value doubles in 10 years, but here it is doubled in 7 years.
However, you note that he bought it at its peak valuation price (Like Aug 2021) as entire economy went down after that. He could not refinance for some time as the home value dropped.
The good thing was he took 10-year ARM at some low rate, and he was paying $2200 as PITI at that time which was almost the rent parity during that period.
Now, he is paying 2.25% for 30 years, not interested in paying off the loan! He was telling one time, had he sold all his stock options and paid tax, he would have got the home free with balance cash.
You are the luckiest to hold strong company AAPL !
I talked to a liberal vegan environmentalist Santa Cruz graduate gen y today about Tesla. She won’t buy a Tesla because she thinks Musk is a fascist. I wonder if he will loose his core customers with his Tweets. He needs his loyal koolaid drinking environmentalists to buy his products. But is actually a red blooded meat eating Trumper.
When people are benefit by a person, they support.
When they are losing the benefit by the person action, they oppose.
Previously, whateven EM is doing, the young people supported. Lot of haters from lay off or affected parties. Second issue, lot of people holding TSLA and seeing it is flying skyhigh, they liked EM as his stock was flying. But, now it is going down.
He actually gained a lot. He moved book profit into real profit (cash mode).
Since he was selling (demand vs supply), no one is able to equate his level, stock went down. He moved from stock to cash mode.
Even now, he can (may) simply sell TSLA stock to pay off TWTR take over. At some point of time, he will sell it or he will do it periodically (this is guess, but he has that much wealth to dispose the stocks).
Only those who are holding, they lost book profit.