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

Posted on 04/18/2024 12:31:09 PM PDT by TigerClaws

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To: dfwgator

“Can old folks even get a mortgage?”

probably not ... little AGI and no debt, even if net-worth wealthy ...

new dwellings would probably have to be paid with cash from a previous sale ...

i bought my current house expecting to be carried out of it with my boots on ... single story, 4-on-12 roof, brick veneer, steel roof, etc.


101 posted on 04/18/2024 2:25:07 PM PDT by catnipman (A Vote For The Lesser Of Two Evils Still Counts As A Vote For Evil)
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To: 230FMJ

“How can the Collective force the Boomers to vacate their homes for the Greater Good?a’

kill us with toxic fake vaccines?


102 posted on 04/18/2024 2:27:45 PM PDT by catnipman (A Vote For The Lesser Of Two Evils Still Counts As A Vote For Evil)
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To: TigerClaws

Is it science or a government agency that tells you that your home is now too big for you?

If a house is too big for a couple and their overnight guests and holiday family get togethers then how many people have to be in the group that it is supposed to be sold to, 3, 6, 9?


103 posted on 04/18/2024 2:42:47 PM PDT by ansel12 ((NATO warrior under Reagan, and RA under Nixon, bemoaning the pro-Russians from Vietnam to Ukraine.))
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To: TigerClaws

Here’s the perfect NPR/Democrat solution: Pay China to create a deadly virus, import it, and murder all the old rich white people via medical malpractice. Then New Americans can have their houses and belongings. I’m not claiming it’s an original idea...


104 posted on 04/18/2024 3:13:31 PM PDT by Chewbarkah
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To: napscoordinator

If I had a house that large, I’d pray for rain. Then I’d explore the parts of my home that I normally don’t see. I would take a lunch and sleeping bag with me…


105 posted on 04/18/2024 3:20:00 PM PDT by azsportsterman
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To: TigerClaws

The end goal here is that NPR is advocating getting older Americans out of those big houses to people who couldn’t possibly qualify for a loan for them, maintain them or even pay the taxes and insurance for them. Force them out, then seize them to GIVE to newcomers.


106 posted on 04/18/2024 3:24:59 PM PDT by Gaffer
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To: TigerClaws
[Many baby boomers own homes that are too big. Can they be enticed to sell them?]

One shudders to think about just how NPR envisions "enticing" them. To the Gulag or the Graveyard most probably.

107 posted on 04/18/2024 3:26:28 PM PDT by Col Freeper (Praise and Trust in the LORD in All Things at All Times.)
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To: napscoordinator

There is also the stress of selling one home, buying another, and the whole get everything packed and moved. Just not worth it in many cases.


108 posted on 04/18/2024 3:31:41 PM PDT by lastchance (Cognovit Dominus qui sunt eius.)
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To: TigerClaws

.


109 posted on 04/18/2024 3:36:41 PM PDT by sauropod (Ne supra crepidam)
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To: Fledermaus

That $3000/mo is bargain basement, AND it’s an INDEPENDENT situation; if you develop any medical needs requiring in-home care — especially after hours — you’re moving, whether you like it or not. And it won’t be $3000; it’ll be $5,000+ fees for every next level of elevated care.

Relatives found a development with individual town homes and on-call medical staff in the immediate neighborhood ready to provide various levels of care 24/7. There was a minimum Net Worth to move in, and they had to sign over all their assets to the company as the resource pool that would pay for it all. If there’s anything left at all, their kids will get it and go out for McDonald’s.


110 posted on 04/18/2024 3:38:36 PM PDT by HKMk23 (https://youtu.be/LTseTg48568)
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To: TigerClaws

Not selling. I need the big lot and garage and it is paid for.


111 posted on 04/18/2024 3:40:49 PM PDT by DaxtonBrown (away.)
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To: HKMk23

I was thinking about the ones in my area for healthy upper 60s folks.


112 posted on 04/18/2024 3:46:01 PM PDT by Fledermaus (Is it me, or all of a sudden have the buried trolls come out on FR like cicadas? It's all noise.)
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To: TigerClaws

I’ll be glad to sell mine for about $300K more than it’s worth!


113 posted on 04/18/2024 3:47:15 PM PDT by Poser (Cogito ergo Spam - I think, therefore I ham)
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To: Eleutheria5
If you’re over 50, there are no federal tax consequences for selling your principle residence.

Where did you find this whopper of a tale?

114 posted on 04/18/2024 3:51:04 PM PDT by EVO X ( )
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To: EVO X

No. 1 by taking courses in college on taxation. No. 2 by selling my principle residence and having no tax consequences. The age might be 55, though.


115 posted on 04/18/2024 3:58:08 PM PDT by Eleutheria5 (Every Goliath has his David. Child in need of a CGM system. https://gofund.me/6452dbf1. )
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To: TigerClaws

There isn’t a week that goes by that I don’t get a solicitation for my house. It’s always CASH, AS IS, SIGHT UNSEEN, etc., etc., etc. I toss them in the recycle can. Also strangely enough, I get similar solicitations for my 8 year old car. Go figure.


116 posted on 04/18/2024 4:03:55 PM PDT by Old Grumpy
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To: TigerClaws

My house has three bedrooms, two bathrooms and a large two car garage. At a little under 1600 sq ft I would hardly consider that too big. I consider 1600 sq ft to 1900 sq ft to be the ideal size for a retired couple. Enough room for a couple and not too big when one of you is the surviving spouse.


117 posted on 04/18/2024 4:11:55 PM PDT by AlaskaErik (There are three kinds of rats: Rats, Damned Rats, and DemocRats.)
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To: keats5

Your situation sounds IDEAL to me!


118 posted on 04/18/2024 4:18:35 PM PDT by Old Grumpy
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To: Gen.Blather

I am with you.

Why in hell should I give up my ocean and sunset view to the generation that gave us Øbowel and Bidet* ?

And, I like my little free state getaway in Arizona.

Nope, they cannot have either one.

Cold dead hands and all.


119 posted on 04/18/2024 4:47:13 PM PDT by doorgunner69 (When tyranny becomes law, rebellion becomes duty)
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To: dfwgator

Yes they can. For some strange reason, they will even give 70 year old people 30-year mortgages if their credit scores are good.


120 posted on 04/18/2024 4:58:10 PM PDT by SamAdams76 (6,575,474 Truth | 87,429,044 Twitter)
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