Old people seem to be surviving just fine in areas where property tax is based on current market value? It sucks to move, but luckily they have an extremely valuable property to sell
Young people seem to be surviving just fine in areas where the market value is lower. Sucks to not live in the heart of the city but luckily they have their entire lives ahead of them to accumulate the wealth required.
yes, they just need to accumulate wealth until they're 47, just like previous generations. no need to rethink land use or property tax