The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (12784)	8/20/2003 10:19:11 PM
From: Lizzie Tudor	Read Replies (1) of 306849

Grace I think most would totally agree that the elderly should never be taxed out of their homes, and taxes are too high. The problem is that if you have a system that for whatever uncalculated reason ends up creating "house poor" elderly folks who wind up living in million dollar plus homes while they struggle to get by, the young folks who likely will have no chance to achieve the same level of abject poverty get a little fed up. Its not that people think that seniors who buy homes for 50K should be taxed out when those homes appreciate 3-fold.... but when they appreciate FIFTY FOLD you have a massive windfall on your hands and its hard to see these people as charity cases. jmo.

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