A quote I heard just today: "I see better than I hear." That is, show me by your actions. If the words don't match the actions, I'll believe the actions.
If you use this logic to "disprove the elites", could you answer the question I posed to GP? Why do you think the elites care about their properties? Why wouldn't they buy them to get another good 10, 20, 30 years out of them before it's too late?
(The quote was from T. J. Houshmandzadeh.)