I mean yes, but when you've built your life in a place, it's little comfort being a "millionaire" if the only way to cash in on it is to pull up stakes and move hundreds of kilometers away.
I suspect arguments like this are even less comfort to people who have rented apartments their entire lives and aren't sitting on a million dollars of property.
If you cash out for a million dollars I'm positive you could find somewhere to rent in the city you currently live in. Maybe not a kilometer away but certainly fewer than hundreds.