The increases are significant if you are investing in multiple units and renting them, and maybe unloading them when they appreciate. That's not most people, unless you're advocating that everyone should invest in high risk real estate. I've seen that show.

If you are living in the house short term, you're faced with the dilemma of a rising market - sell, and you'll pay the increased price for another house.

If you're living in the house long term, then if you're lucky, your house will have appreciated more than inflation. Of course, many in Detroit lost that bet.