Posted on 04/18/2024 12:31:09 PM PDT by TigerClaws
“Engelhardt says: “You promote the construction of new residential units that are going to be ADA compliant, that are going to have universal design”
Or maybe, government has no role is how housing happens. Every single problem in housing is because of government. From interest rates, to taxes, to making suburbs mandatory to avoid crime. Many old people would enjoy the smaller homes in the city with lots of cafes, entertainment and shopping nearby. But with government caused dope, crime, filth and black governments in the cities, you have to stay deep in the suburbs for safety.
WHOSE DAMNED BUSINESS IS IT TO DECIDE HOW LARGE A HOUSE I SHOULD HAVE???
NEW LAWS/STANDARDS/MANDATES ON Square Footage???
These jerks can KMA.
Why not portable mortgages also? If you move you get that 3% on your next house? How about outlaw HOAs? How about zero taxes on capitol gains and SS after age 62?
But everything that would actually fix things is bad for the banks and for the party.
Eff em all.
if they keep it until they die, the basis resets to its current value and their children can sell it and pay no taxes on the sale, because there would be no gains.
It’s hard to over estimate the amount of work we have put into our home, the amount of scrimping and saving and to finally have it paid off. I feel no guilt keeping my house for as long as I’m alive and then it will be up to my kids what happens to it next.
UNTIL 12 months later-—when they had TOTALLY TRASHED it all.
Our home is where everyone runs in an emergency. Our adult children have their own places, but they know there’s a place with a room for them in an emergency. They come over when their electric is out, when their appliances break, when their local water gets tainted, when they need to use our garage to repair their cars in winter, and they also lend the old folks their own youthful strength and energy when we need help. Since our government is determined to interfere with our freedom and prosperity, we are making our own plans to care for ours and us as best we can.
“Plenty of over 65 communities with nice apartments”
And have a manager who thinks they are the dorm mother? And a tenants committee who is always having new ideas? And a next door neighbor who resents you cooking or playing music after 6pm?
No thanks. I’ll skip the beehive.
Of course this is from NPR. AAARGH!
Good points. Maybe I run in different circles than others here, but don’t think I know a single multi-generational family where the oldest generation — typically retirees in their 70s and 80s — are NOT the ones who have the greatest need for income/revenue right now. I suspect it’s just a tiny fraction of Americans who find themselves sitting on a seven-figure pile of equity in their primary residence at the age of 75.
Correct. I bought a well built home in 1999. It is paid off.
It is too big for our needs now, but it is a paid off asset.
This is my home and I will stay as long as possible.
If my wife and I are dead, we will leave the house to our kids to sell off.
an article about this exact topic I read just the other day
The housing crisis - if real - is caused by elderly Baby Boomers who refuse to sell the large homes they no longer need.
The legislation to punish this extreme self-focused behavior is already being written.
“Average” doesn’t mean much to me in the context of residential real estate. I wonder what the MEDIAN home prices in those 550 cities are.
These aged the COVID scam didn’t work, so let’s find other ways to get rid of them, and their hard worked S Soc. and retirement benefits. Hitler would be proud to ditch them.
We’d better hurry cause won’t work if Trump gets in there and gets rid of their replacements across the border.
Signed Con-gress and Joe-Stalin Biden
match
If you’re over 50, there are no federal tax consequences for selling your principle residence.
When I see the Hollywood and Political class sell their 20,000 sq ft homes to illegals or Gen Z or whatever, I will let that fleeting thought to sell my paid off house and transition into the own nothing and be happy crowd ... not.
LOL, i sold mine, it’s now a parking lot...
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