Or zero cap gains if you sell to Blackrock.
Since when is it NPRs jurisdiction to tell people if their houses are too big?
The same idiot reporters who are amazed to find that 30% of boomers have adult children living at home. So much for all that extra space the weenies at NPR want to donate to “newcomers.”
“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.
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.
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.
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.
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
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.
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?
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...
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.
One shudders to think about just how NPR envisions "enticing" them. To the Gulag or the Graveyard most probably.
.
Not selling. I need the big lot and garage and it is paid for.
I’ll be glad to sell mine for about $300K more than it’s worth!
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.
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.