News for hackers. Stuff that matters.

A comment on The Housing Market in San Francisco and Ideas to Fix It. Parent comment

Re:The Housing Market in San Francisco and Ideas to Fix It by magnetix on Thursday April 07, 2016 @04:53PM (#11450632)
>If you have a job that pays $100,000 and the taxes on your $250,000 house is $7,500 (3% property tax) and the tax quadruples to $30,000 in five years; why would you want the market fluctuations to be able to force an individual to leave their house?

A simple solution (for the elderly at least) would be to roll up all the debt until death, payable by the estate.

[ Parent | on HN ]
Re:The Housing Market in San Francisco and Ideas to Fix It by thrownaway2424 on Thursday April 07, 2016 @09:49PM (#11452086)
That's exactly what people did before Prop 13. The idea that granny was getting tossed out on her ear by the tax collector wasn't ever literally true.
[ Parent | on HN ]
Re:The Housing Market in San Francisco and Ideas to Fix It by ceejayoz on Thursday April 07, 2016 @08:36PM (#11451801)
> A simple solution (for the elderly at least) would be to roll up all the debt until death, payable by the estate.

Simple until the next housing crisis.

[ Parent | on HN ]