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 - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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