Re:The Great American Single-Family Home Problem
by bartedinburgh on Saturday December 02, 2017 @10:03AM
(#15832086)
If you have $5 million reasonably invested, you could pay yourself approximately $200k per year until you die (the average long-term expected return from the stock market is > 4% above inflation) and likely leave some cash to your kids.
There are taxes, but people who have 100 times the median household income in the bank might be able to figure something out.
It makes sense that they're fighting for their money. And people deserve basic empathy, no matter what the situation. There could be solutions out there that make the most people happy.
The cynical view is that this is their greed, and they are taking money from people with less means with their demands.
Less cynically... we can try to find solutions to assure them their house value won't plummet, but encouraging a view where more prices at least stabilize won't put _that_ much strain on them, compared to the help it would give to other families with less means.