Or zero cap gains if you sell to Blackrock.
Baby Boomers who support Democrats should just give them to some lovely undocumented illegal alien invaders.
AirBnB and Blackrock have lots of homes. Maybe they could sell theirs. A five bedroom does not make a starter home. There are not too few homes. There are too many people investing in homes.
So what? It's nobody's stinking business what size house someone chooses to live in.
What about the mansions we see politicians owning? Can they be *enticed* to sell them?
Probably a website that shows them to make things easier for squatters to short list them for when the owners go on vacation.
Funny, I would have thought that if the Boomers decided their houses were too big for them, they could opt on their own to sell them into what is a favorable market.
Hadn’t realized it was up to someone else to decide whether they had too much house for themselves.
For $2000 or so, you can get a chairlift installed on your stairway that will make your two floor house effectively a single story.
Kick out every last illegal. The housing “crisis” will be solved!
Maybe we could force them out at gunpoint. “Your house is too big, comrade! Out you go!!”
GFY, NPR.
You don't get to define what's "too big". That's for the OWNERS to decide, you communistic bastards!
It's already "Public" so just move ppl in.
Equity
If they don't install more kitchens and bathrooms the govt can sue NPR to put them in.
To each according to his need, with the commissar making the expert determination. Right?
I’ll decide if my house is too big. No one else.
euthanasia is the obvious solution
they are no longer productive members of the collective
The response to this article shouldn't be: What a commie!
The response to this article should be: As conservatives we realize that not all problems can be solved, and certainly not with a one-size-fits-all solution.
One potential solution for SOME people (emphasis on the SOME), is to make it easier for a house to be subdivided into a duplex or triplex. ADU's are all the rage now, where garages are being turned into separate units. This could be extended to the house itself. There would be some inconvenience as the seniors would most likely have to live out of a hotel for some period during the remodeling, but that could be paid for by the builder.
The seniors might even get a break from their mortgage since the new units would be generating property taxes.
Of course the kids won't like this, because they will feel that their parents' house (which they may have had nothing to do with its purchase) is their birthright and they want the full profits when their parents die and they get to sell the property. But again, this might work for SOME people.
I’m a widow. My house is paid for. I’m not going anywhere.
Uh, try downsizing to an apartment.
Plenty of over 65 communities with nice apartments.
Sell at 650,000 and get a nice 3,000 a month apartment. Could cover the rent for over 15 years.
More effing lies from the corrupt running government.
The bottom line is the government have made it nearly impossible for young people to afford even 60+ year old homes, even with 2 incomes. They have devalued the dollar and it’s worth less and less as they spent trillions on other countries, foreign aid, globalist war adventures etc.
Then the corrupt running government then opened the border up so millions can enter illegally, creating even more competition and even bigger housing issues.
The corrupt running government f***** up the economy and our country so bad, the results are glaring. And now they’re trying to lay the blame on baby boomers.
Lies on lies.
Many journalists own homes they dont need, maybe they should be forced to sell and move into a nice condo so youngins can buy a home.
I have a post war 3 bedroom home I purchased in 2007. It’s small with the 3rd bedroom on the second floor. Laundry is in the basement and when it’s time, I’ll just purchase a portable washing machine and dryer (had a set when living in an apartment in LA - it’s wonderful). Home is paid but property taxes are HIGH because of my city and all the 1-2 million dollar homes they’re building when they tear down the post war homes. I plan to stay here until I die or have to go to assisted or skilled nursing. Then I’ll use the money from the sale of my house to get a single room with no roommate!
Notice that downsizing the government, growing the economy, cutting property taxes are NOT on the menu.
Without those, what good is...snort...enticing seniors out of their larger homes?
Who can afford them?