I agree with your sentement but sometimes places become gentrified and the original inhabitants can no longer afford to live there.

I’m not saying that it’s good or the way things should be but it is a reality.

If his math is right, and assuming that his property tax is about 1-2% of his home’s value per year, then the value of his home has increased about 15-30x the original value.

Its hard to be sympathetic.