Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (60868)	2/8/2010 2:43:14 PM
From: Lazarus	Read Replies (1) \| Respond to of 217593

Why is that even an issue or question in this matter? Many older people dont want to "CASH IN AND SELL" The bigger question to them becomes - what then do I do with the cash. Many older people are content to die in their homes. A friend of mine just died at the age of 92 in his home. Another friend of mine (he was 94) was dying in the hospital and he told me wanted to go home. His poor wife just could not care for him at home -- but he died only a day or two after he told me he wanted to go home. The issue is: older people who have paid for the homes should not be forced to sell them (or cash out) because their values have gone up astronomically. (prop 13 set a reasonable rate of increase)