Can I recover the `~/` short-cut?

I upgraded to 10.10 on Sunday, from 10.04, and while the upgrade went smoothly (and I really like Maverick so far) I've somehow lost the ~/ short-cut. Previously, if I was in directory /var/www/siteName/ and I typed ~/ into the location/address bar I'd be taken to /home/username/, whereas now it seems to be treated as a relative path, and I'm taken to the (non-existant) /var/www/siteName/~/ directory.

Can I restore the previous functionality? I seem to recall that I Okay-ed a dialogue during the installation, but I can't, for the life of me, remember what it said. Or if it gave any clues as to how to later change that opinion.

Edited to note that, as of Ubuntu 11.04, the ~/ shortcut has been restored.