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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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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