Posted on 04/18/2024 12:31:09 PM PDT by TigerClaws
1. If a couple is sitting on a $1 million capital gain on a home they purchased years ago for $250,000 then they will lose half the $500,000 exemption if one of them dies before it’s sold.
2. They’re probably in the lowest tax bracket they’ve ever been in, so their capital gains tax rate is likely to be very low (maybe 0%?).
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.
Nice pic. From Dr. Zhivago?
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.
“They think people are stupid.”
Dedicated NPR listeners ARE stupid, for the most part.
Every one of those assholes would be shot at, and then the survivors can watch the occupant set the booby traps that will burn the place to the ground once enough have set foot inside.
This is what will happen all across the country if they ever attempt to go that route. Most Americans are armed and only the morons who aren’t will be ejected from their own house without a fight.
Wait until the squatters start renting an AirBNB house for the weekend and just decide to stay for a year or two
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.
Is it now NPR who gets to decide the appropriate house size for Americans?
:-))
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?
*Wait until the squatters start renting an AirBNB house for the weekend and just decide to stay for a year or two*
Not if the landlord is Bernie Goetz.
Bad idea. Back in the 1980s, my siblings were convincing my mom to sell her large home and move into an apartment. I blocked that idea, telling my mom how foolish it would be. "You don't think rent prices go up? Then what will you do when the money is gone?". She then said "I didn't think about that."
I then arranged a meeting with a poor sister and her husband, and got them to arrange buying another lesser home with my mom as owners, and they would care for my mom. Mom sold her home, paid the down payment on sister's new home, and sister paid the monthly mortgage. Mom kept her remaining money from sale of her home, and didn't have any monthly rent obligations. Worked well for Mom and sister's family.
Of course, rents and home prices exploded higher after that. She wouldn't have afforded the higher rents, and my sister enjoyed the equity increase in her home.
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.”
NPR is the TASS of the Deep State, they get the official Party Line.
Depends on the individual and where.
Worked for me. I still pay less per month than my mortgage was even in it’s last 8 years.
If your credit rating is good, yes. It is against the law to discriminate based on age.
NPR Listeners may well be Liberal but most of all they are selfish! They will donate, vote to feel good and gain bragging rights but do nothing that will impact their lives—like sharing their homes or moving to a small, micro-house in the boonies. Its about feeling good and many are not feeling so hot under Biden’s economic tyranny of the environmental loonytunes.
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