There is never any discussion of indexing to inflation. Government causes inflation, then taxes the ‘gain’ caused by inflation while the purchasing power nose dives. Stealing!
That’s what really galls me. The government “manages” inflation to maybe 3% per year. The purchasing power of money goes down 3.3 times at 3% inflation over 40 years. Then the bastards tax you on your nominal gain, not your real gain.
Fortunately, our real estate value is up a lot more than 3.3X over the 40 years we’ve owned it, but we were dumb-luck fortunate to have bought in Silicon Valley. Others are nowhere near as lucky.