That probably means the price of the home was in the millions to begin with.
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Hardly.
My brother bought his house and 80 acres in 1980, he paid about $45,000 for it. That house is now valued well over $350,000. If he keeps it until retirement it will probably be worth a about 1,000,000 given present inflation. But is it truly worth $955,000 more than it was in 1980 or did the government's deficit spending simply give them a chance to steal your property by lowering the value of the dollar that you worked for?
In 1980 had he taken that $45,000 he could have bought 9 or 10 pretty decent cars (a good Mustang was less than $5000 then). Today that house that's worth $350,000 is still only worth 9 or 10 good cars - his real gain is nothing - but government wants a share of it anyway. After they take their share he's actually lost purchasing power.
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