In 1954, my grandparents bought a $35,000 house in a neighborhood called Brentwood. In Los Angeles.
When they died in 1994, that house was worth $1.2M, just for the lot it was on. No, we couldn’t afford to keep it in the family. Gawl-lee. My dad and aunt somehow found the emotional courage to deal with being about half a mil richer, after all was said and done, despite that fact.
There is nothing in the Constitution that guarantees one the right to keep living at the same place forever, just because one could have afforded it once upon a time. I mean, it’s a shame when a situation like this, or the one you describe (yes, I believe it, btw), happens, but what it means, in the case that you cite, is that instead of having an inexpensive vacation home, these people have got a barrel of cash. It may be a shame that they can’t vacation in the same old place, but they can probably find somewhere to vacation, within their substantially increased means, that the rich haven’t found yet, but they can more than afford.
As someone who grew up in the DC area, I’ve been hearing a variation on this lament for decades now: “we’re retired, and on our limited incomes, we can no longer afford to pay the property taxes on the house we’ve lived in all our lives.” Again, what that means is, you can sell the house, collect a pile of money, and retire to somewhere with a lower cost of living. I feel sorry for you, but not nearly as sorry as for people with more intractable problems.
You know, when the company of a company town gets bought up and closes its doors, and the people who’ve been living there for generations have to move elsewhere just to find work, those people I feel sorry for. I can’t see a way for the government to preserve their way of life, but it should help them do so, a damn sight sooner than it helps people who are faced with the ‘problem’ that their home is worth too damned much money.
Milo, you’ve got the most bizarre priorities.
Oh yeah, your Pit thread is waiting.