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My god I am so sick and tired of boomers pretending that moving into a smaller house is some kind of human rights abuse
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DANIEL GOT HITS
@danielgothits
property taxes need to be fixed in America You canโ€™t expect someone whoโ€™s 67, or 72, or 85 to keep paying the government $10,000-15,000 every year just to live in their own paid off house lol If you defend this system youโ€™re brainwashed. Nowhere else costs this much only here
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David Watson ๐Ÿฅ‘
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The problem is because everything got so expensive the boomers are going to get slammed with huge capital gains taxes for moving, so they don't get the benefits you'd think. My dad bought his house in Arizona in the 1980s and he won't really come out ahead at the end of the day.
as a 67-yr old boomer in a house I love & I am still paying off- why move? I have a low % rate- lower payments than rent-space-quiet-woods-pool -home office/virtual office- I lived through 15-18% interest rates, 3 yr ARMs-Nobody handed me anything-worked hard to get here-
I disagree. They have spent decades paying off that house. If they buy another house, that's just another move, another transition, another getting used to a new place. They're elderly. They have health issues. They deserve to live in the house that they put their heart into.
Excuse me? I'm not a boomer. And I plan on retiring at some point in this house. Which is small enough. I worked my ass off to finally be able to buy a house in my late 30s and I'm not moving into a condo (basically back into an apartment) so some ass can move into my house.
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Less pushed out and more โ€œselling a large, valuable house and moving into something smaller and less expensiveโ€
Itโ€™s not the smaller house itโ€™s moving period from a home they raised their families in.
My god I am so sick and tired of socialists expecting to suck every single dollar out of americans until their death for their frivioulus programs and bloated government.
Manning up isnโ€™t about showing off, itโ€™s about showing up ๐Ÿ’ช For your family. For your faith. For your purpose. It means owning your responsibilities, staying true to your word, and leading with strength and humility. Itโ€™s not about being perfect, but being present. Here are
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I like the idea that somebody can visit their parents and bring along their wife and children without having to sleep on the floor. Why else would somebody work hard all their life if not for family life? We really need to stop allowing profiteers the freedom to bleed us dry.
โ€œI canโ€™t afford property taxes on my huge million dollar home so I shouldnโ€™t have to pay themโ€ is the bad take
I think shifting the property tax burden to the working age makes complete sense. After all, we should pitch in and do more for the common good to pay back for the sacrifices made by our parents. For those <50, a 25% annual tax based on market value seems do-able.
Since I know nothing about how it works over there, but our housing shortage wouldn't get fully resolved if older people just sold their homes. Since were talking about a shortage it makes more sense that more houses are being build right?
Yeah def - build more. But scumbag retirees often crash city planning meetings and whine loudly against new housing
I donโ€™t know, pushing people into poverty or homelessness who thought they were retiring responsibly 20 years ago is pretty rough. Especially if itโ€™s taxes causing it. The biggest growth in homelessness is people age 50+ and itโ€™s projected to get worse. Feels bad.
lol wut? Old fucking boomers tying up huge housing that young people could be buying, and complaining about their property tax, and youโ€™re siding with the boomers? Selling a house after your kids are out of it and moving into something smaller is a good thing jfc
Wait until you work your whole life to own a home, and then the government taxes it away from you. I'm sure you'll be ecstatic about the experience, right, sparky?
I have extended family that live with granny in a 2,500 sq ft home w/a detached ADU. Itโ€™s nice to have a roomy place so that family can help each other. Itโ€™s a win for everyone. Sit down.
Uhhhhhh nobody is telling you to move anywhere. The OP was about boomer retirees being unable to pay $15K in property taxes on a paid-off million dollar home ๐Ÿ˜‚
My 80yo dad looked into downsizing to a retirement condo but it cost 2X his home that he bought in 1970. We canโ€™t afford to put him in a nursing home. He has no income (only SSN) to pay property taxes. Now what?
That genuinely sucks and I'm so sorry. I assume the problem wasn't that his property taxes were too high, just that he wanted to be in a retirement condo?
The ONLY way to be successful in real estate? You must consistently make smart decisions. The smallest moves can save you big money and vice versa. Whatโ€™s something you would tell a beginner real estate investor?
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I live in a nice suburb in OK, yes. There's million dollar homes, and $100K homes within a 10 minute drive of me. What's your point?
I'm older than a boomer, my home is 1370 sq ft and I have to pay $7,200 in property taxes a year. Now what is your argument?
You know my husband and I looked into moving into a smaller home. Weโ€™re in our 70s. Guess what smaller homes are more expensive than what we have now. Go figure.
Continuing to pay the government for the privilege of living in a house you paid for is a rights violation. It's frigging theft. I'm not a boomer, had that crap figured out years ago.
And I'm sick and tired of out of touch bootlickers who don't realize that "just move into a smaller house" is easier said than done during a housing crisis, and ANY house is one questionable reappraisal away from having unaffordable taxes.
Iโ€™m amenable to arguments about the virtue of property taxes, even for the elderly. But people arguing like this only makes a clearly unpalatable issue even harder to swallow.
If your house is worth enough to be paying $15K a year in taxes it's worth enough for you to sell it and make a pretty penny
Don't worry, I ain't moving,my government pension, social security and my house being paid off, will make sure of that. ๐Ÿ˜˜๐Ÿ˜˜๐Ÿ˜˜
Thereโ€™s no โ€œwindfallโ€ if everyone elseโ€™s property increased by the same %. Itโ€™s not like finding oil on your property.
Property taxes are theft, you twat. If retirees decided to move to more affordable country with that wonderful windfall you keep talking about, they have to pay an exit tax. Youโ€™re intolerable.
My god! I am so sick of Millennials and GenZ thinking they deserve to live in a home bigger than 1000 sqft! Why shouldnโ€™t they have to sacrifice like boomers had too
Itโ€™s not their fault their home price increased that much. Itโ€™s just a house to live in. The value has been inflated for no reason and now they have to pay more nominally in taxes. Kinda bs
depends on where? If a boomer owns their home in the bay area, its likely a small 3/2 if that. Don't blame them because cities refuse to build. Plus, moving doesn't take the burden of the tax away.
Are you kidding? When the cost of a small house is the same? Small houses used to be affordable. I guess it depends on what city you live in.
I am, and I can't believe I'm saying this, with the boomers on this one. Property taxes are bullshit. Local services should be funded through federal/state income taxes and allocated evenly across the relevant jurisdictions
Shoving that burden on younger working Americans while boomers sit on a million dollars in home equity would be so gross
My house has been in the family for 100 years, why do we need to keep paying property tax, why do you think people should be forced out their house. Why do you want people to live like bugs
> why do we need to keep paying property tax Because police, fire, schools and roads need to be maintained? Hope that helps
This has to be one of the dumbest takes I have ever read on Twitter. Congratulations. Also: the tiny little modest home I grew up in on the West side of Seattle now has a property tax bill larger than the mortgage. If my parents wished to stay in that area, they couldnโ€™t afford a
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Well your property taxes have not gone to wars. They went to your Seattle local government. If the area sucks as bad as you say it does Iโ€™d recommend moving ๐Ÿคทโ€โ™‚๏ธ
My kid pays $200/month more for his 2 bedroom - 1 bath apartment than I do for my mortgage on a 3 bedroom 2 1/2 bath house on 2 acres of land with a 4-stall garage. Your argument is completely out of touch with reality.
Itโ€™s a trashy communist idea. People have homes. They own them. Get your own home.
It used to be the standard advice for retirement. Downsizing now that you don't have kids to take advantage of your equity as retirement income. And it's not like most of them have actually nice houses with character in the first place.
Imagine licking the boot as it steps on your neck. Why does anyone think more taxes is a good thing. Especially when they see what we spend it on
Imagine thinking an elderly person who's worked their entire life to have and keep what they earned is somehow the problem while simultaneously giving Government, who's created the problem a pass. What a fucking CUNT.
When you get to their age and have the same problem guaranteed your going to be saying the same thing.
I mean what is it with these boomers occupying a family villa? Move into a bungalow or a condo and let the next generation use the house. Lol
Gets a little tiring hearing millennials try to dictate what entire generations other than their own ought to do as well.
It's not just the house. It's also the neighborhood which they probably lived in for over 30 years. Just up and move to some smaller house? In a new community when you're 75? Perfect reason to abolish property taxes.