Blaming someone for the current housing market because he bought a house in 1970 sounds most like envy. 

I bought my first spec home about then for about $17,000 when I was making about $14,500 per year in the DA's office.  20 times that price would be $340,000--hyperbole much?  "1/20th"!

And I seriously doubt Waggoner was making $30,000 as a teacher in 1970!  He was only making $49,500 Thirty years later!

And I sort of recall over the past 30 plus years in the Eugene-Springfield area of teachers actually being laid off (union rules--last hired; first fired) on several occasions.   

The Jimmy Carter double-digit inflation days were not kind to those on any kind of fixed income, like teachers who got better retirement instead of a COLA match because of the economy.   And of course you remember Reagananomics for the next 8 years?  

Your post is just envy surrounded by denial of the requirements of the legal contracts his school district entered into.