My neighbor bought his house in 1987 for $74,000.
He refinanced once.
He paid it off.
His property taxes are $1,800/year because of how long he's owned it.
The exact same house next door just sold for $710,000.
The 28-year-old who bought it pays $9,200/year in taxes.
And $4,100/month on the mortgage.
Same street.
Same house.
Completely different life.
We didn't just price people out of homes.
We priced them out of futures.