Posted on 11/23/2023 5:18:59 AM PST by EBH
Further, 17% of all owned homes are occupied by single or married seniors with two or more spare bedrooms.
“The surge of spare bedrooms speaks to a mismatch in the housing market, at a time when so many feel there are too few options available,” Salviati said.
Seniors aging in place are keeping a significant share of single-family homes unavailable to younger generations, according to Salviati. It’s why, in part, it’s hard for millennials to break into homeownership.
(Excerpt) Read more at newsnationnow.com ...
I may have to build a bunk room for all our four legged children.
Remember Wells Fargo making home loans to illegals.
I’d argue back those military aged invaders are enemy soldiers.
We no longer have a republic.
They’re partially the reason for that.
Interesting government and land developers goings on right before the Lahaina fire.
Until she broke her hip at age 99, my mother lived alone for twenty years in a home that had housed a family of six. I moved in to help her for four years, and she resented like hell that I was taking up one of “her” rooms. She was never quite a hoarder, but given a few more years of mobility, she would have gotten there.
I am a senior that has sold my home downsized to a 1 bedroom one bath condo on a golf course lots of activities, lots of ducks and geese, AND no upkeep!! Younger generation can not afford homes BECAUSE the interest rates have put them out of the market!! The price of homes today has also become outrageous with the cost of materials, the damn regulations developers have to go through is ridiculous!! To RENT a studio apt in CA., NY. ect. has become $3000.00 a month PLUS utilities!! These immigrants are going to start deporting themselves they will NEVER make it here!!!
If they were then Deep State wouldn’t have to steal elections, would it.
We either hang together or, most assuredly we will hang separately.
This nation has one enemy: Deep State.
People who fail to recognize that are giving aid and comfort to our common enemy.
They already know how many bedrooms you have.
I just read a New York Times article from a few days ago attacking the 30-year fixed-rate mortgage. My immediate thought is that housing is going to be the new talking point for the Dem party.
MAY 25, 2023 3:55PM
The Supreme Court Strikes Down Home Equity Theft
By Thomas A. Berry and Isaiah McKinney
Today, in a unanimous decision, the Supreme Court held that local governments cannot take surplus home equity after liquidating delinquent taxpayers’ property to pay their tax bill. Typically, if a property owner is behind on her property taxes, governments will take the property, liquidate it, and use the funds to pay off the tax bill and any accrued fees.
Most states then return any remainder back to the property owner.
However, Minnesota and 13 other states maintained a practice of greedily pocketing any surplus equity instead of returning it to the rightful property owner.
That is what happened to 94‐year‐old Geraldine Tyler, the plaintiff in Tyler v. Hennepin County. She fell behind on her property taxes, owing $2,700 and another $12,300 in fees. Hennepin County took her property and sold it for $40,000. But instead of returning Ms. Tyler her remaining $25,000, the County took that money for its own use.
The Supreme Court correctly decided that this practice is unconstitutional. Writing for a unanimous Court, Chief Justice John Roberts explained that governments cannot take more property than necessary to satisfy a tax debt.
The crux of this case was whether the $25,000 in equity was in fact Ms. Tyler’s property. The Fifth Amendment prohibits the taking of private property without payment of just compensation, but the Constitution does not define what “private property” is. Courts traditionally look to state law to determine what constitutes “private property.”
One invader with a child gets $2200/month from the US taxpayer. Their spouse, who invades separately with another child also gets $2200/month. Granted, they can’t get by in CA or NYC, but there are many places in this country where you can live quite well on $4400/month, especially if you pick up some cash on the side and cram five families into a four bedroom house.
In our neighborhood of farcfrom starter homes 20 years ago most of the families were in 30s and 40s with numerous children.
Now. One young 30 yo couple and first baby on street oin 25 years. Most elders are staying in place in their big houses. So they don’t move and then people who can afford these places with families cannot move out of their starters and every thing stops.
That is an income stream for towns in Maine
Someday EVERYONE will go thru this discarding of “things” that are the memories of one’s life. Sometimes it’s our own and more often it’s the life of someone we love…..❤️
When my mom was cleaning out her house to sell it, I wasn’t very sympathetic over her attachments to things. I would go over on weekends to help her and we would go through things, things for a yard sale, things to donate, things to throw away. I would usually get upset over how long it was taking her to decide. For instance, we were going through kitchen cabinets and she spent 20 minutes looking at an iron kettle with a lid. Finally I said,
“Mom, at this rate it is going to take us another 2 years.”
She told me that her mother used to make meals in that kettle and leave them at doorsteps of neighbors during the depression, mom would deliver them, and then they would reappear back to her with an apron, or a wood carving, something in return for the meal. I realized that everything that my mom was going through was really a reliving of her life.
If you are reading this and are under the age of 60, you wont get it. You haven’t lived long enough. Most of you have not had to move your parents into a nursing home, or emptied their home. You haven’t lived long enough to realize that the hours you spend picking out the right cabinets, or the perfect tile will not be what matters in the later years. It will be the handmade toothbrush holder, or a picture that you got on vacation.
So, if your parents are downsizing, and moving to smaller places, or selling a home, give your mom and even your dad a break. Those things that you don’t understand why they can’t just pitch, and why you think you know what needs to be tossed or saved, give them a little time to make their decisions. They are saying goodbye to their past, and realizing that they are getting ready for their end of life, while you are beginning your life.
As I have been going through things, its amazing just how hard it is to get rid of objects. But, life goes on, and you realize they are just things, but sometimes things comfort us. So give your parents or grandmparents a break. Listen to their stories, because in 40 years, when you are going through those boxes and the memories come back, it will be hard to get rid of those plastic champagne flutes that you and your late husband used at a New Years party 40 years ago. You will think nothing of the tile or the light fixtures that were so important then.
As happy as they are for you, and as much as they love you, you just don’t have a clue until it happens to you and then you will remember how you rushed them, and it will make you sad, especially if they are already gone and you cant say I’m sorry, I didn’t get it.
hint hint....we’re going to confiscate the home that you have paid property taxes on for 30 yrs and paid the mortgage and did upkeep and repairs....
I’m with you on that.
I work with a few and have a couple on my staff who were clearly raised right and are hardworking, intelligent, decent people. Even they are disgusted with their peers who took out student loans with no plan in place on how to pay them back and now want lots of free stuff and vote accordingly.
They throw giant, destructive temper tantrums when they don’t get their way in an election. That performance they put on in 2016 was disgraceful. I was working just south of Oakland, CA then and their tantrum went on in the streets for at least three days. Fortunately, I was just a bit south of all of that and they didn’t impede my ability to get to and from work or run my errands.
For the most part, they come off as a whiny, spoiled, humorless bunch.
Nonsense I was buying at 15%
We bought our first house in the Bay Area (CA) in 1983. The neighborhood had been developed in the early 50s, so it was 30 years old when we moved in. No surprise that the original buyers in the 50s were 30-40 year old couples and they were all aging out when we moved in. We had a couple of nice neighbors who stayed in their homes into their mid and late 90s and were “guilty” of selfishly having extra bedrooms. When we moved in, the neighborhood was going through its first turnover to new couples in their 30s and 40s.
Now it’s happening again. All of us buyers in the 1980s are aging-out in our 70s and 80s. Our dear neighbor across the street bought their house the same month we did, but she is now 91 (her husband passed earlier this year).
The thing that’s different is our neighborhood was medium-sized homes when built in the post-war era running 1,500 to 2,000 sq feet. Modern homes are frequently twice that size, so there’s lots more square footage going unused.
That’s a very nice and touching short essay, Chickensoup, and every word is so true. Thanks for writing that up and letting the younger FReepers about what comes later in life.
Also, everybody should get their parents’ and grandparents’ stories about their lives written down before they pass on. My paternal grandfather wrote his memoirs about his time as a Russian POW in WW I. It’s wonderful and engaging.
Unfortunately, none of the other three grandparents wrote anything and neither did my parents. I interviewed my dad’s brother (my uncle) before he passed. He was a remarkable man with multiple engineering degrees and a doctor’s degree. As a young engineering student in WW II, the Army assigned him to a project in Oak Ridge, TN called the “Manhattan Project.” He ran a production line enriching uranium that won the war in the Pacific. He later worked on H bombs at Los Alamos, but didn’t like building killing machines, so got his doctor’s degree and became an orthodontist, the very first in Southern Idaho after the war.
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