[cnelsenmilt]

The irony is well-taken but it goes a little deeper. Even for someone who bought a house 20-30 years ago and could sell far below the current market without losing money...that person then can't afford to buy anything else. (Doubly so in places where property tax increases have been limited over the span of their ownership -- the taxes on a comparable house in the same region may be a large delta.) It's a vicious spiral with, I think, no pain-free offramp.