I have a close friend who had a fully paid off property in Hawaii. It was a 3K square foot home right on the beach that was bought in the 80's and paid off throughout the years. The family retired and saw the prices of property in the area sky rocket over the years. The value of the home went up to 4M.

That said, this family had no means to cover the property taxes as everything in the area went up 10,000%. They were locals and hated the fact that all the silicon valley people were buying up all the land on the island in what they considered an invasion. They tried to fight the state on the property values and property taxes which they could no longer afford to pay. End result is they lost and unfortunately the Government seized their property before they could sell it.

It should be no surprise to anyone that news is now saying that the Government is going to land grab all of the displaced property on Hawaii. They have been doing it for awhile now. The sad news is that there is going to be no one left on these islands whom can afford to live there and work the jobs that keep that economy alive. Bye bye islands... and to fuckers like Zucherberg - good luck with owning half an island when there is no one on the other half who can afford to maintain it.