Many baby boomers own homes that are too big. Can they be enticed to sell them?

NPR ^

[Eleutheria5]

Well, there you are. Slick Willy wanted to milk the peasants some more. So 1997 would be the year.

[Sirius Lee]

They think people are stupid.

81 million Americans allegedly voted for pedojoe, so there is strong evidence that they are correct in their thinking.

[Sirius Lee]

Just wait for that four foot restriction on humanoid height.

"But I'm six foot."

"Not a problem, we will cut the top two feet off."

[Keyhopper]

I’m stuck in that boat. Bought my house at 70k back in 88 and now it’s worth $500k. Anything more that 320 I’m gonna have to pay tax on. I wouldn’t mind do much of they spent it wisely.

[EVO X]

If you have made renovations, new roof, new HVAC, etc that should increase your cost basis..

[PMAS]

Lotta AirBNB owners live out of the area of their vacation homes - if you can’t defend it, you don’t own it.

[SunkenCiv]

Enticed, yeah, good one.

• New York cracks down on the $1 million squatter: Queens illegal tenant who's been living rent-free without a care in the world for months is finally moved on [04/19/2024]
• Denver migrants, advocates complain six months of free rent is 'insufficient': 'Slap in the face' [04/19/2024]
• NYPD raid AOC's 'third world' district after shocking video showed trash-covered streets overrun by migrants running illegal 'flea market' - only for brazen vendors to return the next day [04/18/2024]
• Tompkins County will force City of Ithaca (NY) to clean up part of Jungle [04/19/2024]

  ---

• Eminent domain: 'Ken, You Lost This Case': Texas AG Mocked for Absurdly Claiming a 'WIN' After Supreme Court Rules 9-0 Against Him [04/17/2024]
• Michigan Democrats regain full control of state government for first time in 40 years [04/18/2024]

  ---

• Woman shoved to ground by purse thief in violent San Fernando attack [04/18/2024]
• Trial for Tacoma woman facing charges for murder and 17 counts of arson begins Monday [04/18/2024]

  ---

• New Orleans Police Chief Pushes More Gun-Free Zones -- Where Tourists Can't Be Armed for Self-Defense [04/18/2024]

  ---

• Why Pope Francis' Favorability Rating Is 'Tanking' in the U.S. [04/18/2024]

[GOPJ]

Biden and his goons are worried illegals and cartel members need nicer homes.

We know it’s illegals the goons and thugs care about because we see how we’re treated and we see how ‘they’re’ treated.

[rmlew]

End inflation so they can afford to sell their home and buy a new one. Reduce capital gains if they put the difference towards retirement.
My widowed mother lives alone in a three bedroom apartment. I would love to see her downsize to a two bedroom apartment with less maintenance and upkeep, despite the emotional attachment we all have to a an apartment my parents had together for over 30 years.

[Keyhopper]

House is in perpetual upgrade. Asking 450 now, after I put in a pantry and remodel kitchen price goes up to 500. If if I turn my shop into the 4th bedroom price goes to 600.

[Ultra Sonic 007]

The article unfortunately doesn't list the 550, but a look at Zillow provides some clarification as of 4-20-2024.

For San Francisco, average home price is $1,290,678, while the median sales price is $1,266,667.

San Diego shows an average of $1,021,655 and a median of $875,833.

Bellaire in Texas shows an average of $1,049,450, but lacks sufficient historical inventory information to give a median sales price.

Aspen in Colorado has an average of $3,473,259, but insufficient information for a median sales price.

Manhattan has an average sales price and a median sales price both just over a million dollars.

Sagaponack, NY has an average of $6MM+, but has no median information whatsoever, given such low inventory.

My sneaking suspicion is that the vast majority of cities on the "million dollar 550" list are tied to resort locations or extremely posh or uppity areas that would have been out of most Americans' price range even before the turn of the millennium.