When my parents were young a million dollars was the definition of wealth. Today their home might be priced at at least that but these are far from rich. They are superior to off than many others who own valuable property. There are pensioners trying to survive on a pension who own property now worth a million, or even more. Try telling them they are rich. They are struggling to pay the property taxes but cannot sell seeing that cost of relocating would use all their funds.

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