I’m just asking about the mechanisms that force people out of their homes in US. Nothing more.
Here in the U.K. taxes etc don’t increase with property value, and eminent domain isn’t frequently used. So I lack the context to understand why increasing property values mean people are forced to leave, especially when I look around London and see thousands of people who bought their council homes 50 years ago, and are now living in properties that are worth many orders of magnitude more than what they bought them for. Notably, none of them have been forced out.
As for renters, well the mechanism is obvious, I don’t need someone to explain that to me.
Here in the U.K. taxes etc don’t increase with property value, and eminent domain isn’t frequently used. So I lack the context to understand why increasing property values mean people are forced to leave, especially when I look around London and see thousands of people who bought their council homes 50 years ago, and are now living in properties that are worth many orders of magnitude more than what they bought them for. Notably, none of them have been forced out.
As for renters, well the mechanism is obvious, I don’t need someone to explain that to me.