Nobody drove the price up. It was simple supply and demand. If more people want to live in a area -- for whatever reasion -- the amount somebody will play will go up.
Why should somebody not be able to take advantage of that? What if they simply wanted to move two streets over? But now could not because the somebody thinks it's unfair that housing prices whent up.
But your other points are messy. People in the cominity are building that value over time by being good citizens of the region. Had they been bad citizens nobody would have moved in and continued the process of building the cominity. It also cost a ton of money to keep your house in proper working order with also increases the demand and again raising the value of the proeprty.
I have so much more to say but I am replying on a phone and I can't stand it. Phones are horrible.
There is no universe where somebody could buy a house for 30k and forty years later be told even though they sold it for millions that they gave to give it all back - and then try to find another house for 30k. God I hope I read your post wrong.
The only claim I made about "driving the price up" was that local economic growth drove the value up. Ie, the productive value of the land increased because the local economy grew (this includes living, since everyone but remote workers have dependencies between home and work locations).
This isn't incompatible with supply and demand at all, and from your comment, you don't appear to have understood my comment at all.
Why should somebody not be able to take advantage of that? What if they simply wanted to move two streets over? But now could not because the somebody thinks it's unfair that housing prices whent up.
But your other points are messy. People in the cominity are building that value over time by being good citizens of the region. Had they been bad citizens nobody would have moved in and continued the process of building the cominity. It also cost a ton of money to keep your house in proper working order with also increases the demand and again raising the value of the proeprty.
I have so much more to say but I am replying on a phone and I can't stand it. Phones are horrible.
There is no universe where somebody could buy a house for 30k and forty years later be told even though they sold it for millions that they gave to give it all back - and then try to find another house for 30k. God I hope I read your post wrong.