Re:California Property Taxes Mapped
by leetcrew on Friday October 30, 2020 @09:39PM
(#24948426)
fortunately there is a financial instrument for exactly this situation: the reverse mortgage. it's kind of absurd to treat the quintupling in value of one's home as some sort of hardship.
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Unfortunately even the intro on Wikipedia explains some problems with reverse mortgages.
Not to mention that it's kind of a lot to force, idk, 80-year-olds to take out reverse mortgages just so they can keep living in homes they've already paid for and own. Though I guess it's not surprising if people half their age don't care about their burden.