Originally Posted by opalescent
One's ability to just pick up and move, to shift gears, to say 'chuck this job, this town, this relationship' decreases when one owns property. It becomes a lot harder to just start over. And this is still true if the property becomes less valuable, more valuable or stays the same.
Exactly. To clarify, when I wrote "with every increase in asset value" I actually was thinking that the more expensive an asset you buy, say a car over a barbecue grill, a house over a car, a bigger house over a smaller one, the more anchored you get to your situation and co-owners, and the less flexible all of you can be as needs, wants, and resources change. Yes, it's nice to have things and to share ownership. But go slow, go simple, and buy small and you are less likely to get stuck.
And like opalescent says, this applies all the time and to everyone. In your specific case, the fact that it's an uncertain move for multiple people in a complex relationship means it's really important not to bite off more than you can let go of.