If you sell a house these days, the buyer might be a pension fund

Re:If you sell a house these days, the buyer might be a pens... by cycrutchfield on Wednesday June 09, 2021 @12:49PM (#27450145)

If their property taxes increased to the point where they cannot afford it, then that means that their property value increased significantly. Excuse me if I don't feel too bad for somebody who just reaped a massive windfall.

The "won't somebody think of granny?" argument doesn't really work when advocating for a policy that disproportionately subsidizes non-grannies.

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Re:If you sell a house these days, the buyer might be a pens... by tpmoney on Wednesday June 09, 2021 @01:53PM (#27450943)

“Reaped a massive windfall” if and only if they sell their house. The problem is unless they’re both looking to sell and move into a lower COL area, that doesn’t do them much good.

My house today is worth 2x what I paid for it a decade ago. Which is great except for the fact that housing costs around here are closer to 3-4x what they were a decade ago. Even if I wanted to sell, I couldn’t find any livable housing for the same price within the same area.

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Re:If you sell a house these days, the buyer might be a pens... by rcpt on Wednesday June 09, 2021 @02:29PM (#27451353)

> if and only if they sell their house

Buy. Borrow. Die.

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Re:If you sell a house these days, the buyer might be a pens... by nitrogen on Wednesday June 09, 2021 @01:42PM (#27450814)

People generally buy a house because they want to live in it. The nominal value of the house does nothing to benefit them.

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Re:If you sell a house these days, the buyer might be a pens... by selectodude on Wednesday June 09, 2021 @12:57PM (#27450252)

The greatest day of my life will be the day I owe the IRS $1 million dollars.

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