So we own 2 houses, and apparently they both increased in value a massive amount in the last year. But we aren't selling or refinancing so doesn't really matter. But apparently this also means the govt gets to massively jack up our tax bill? Seems kind of shady considering we aren't in any position to monetize the housing market being in a bubble (which will probably burst anyways), so in practice it seems it is just a lot of extra money out of our pocket (which we dont actually have laying around in the sock drawer) with no real upside.