But that is the way it works everywhere else, and it is the natural progression of life. Typically the elderly don?t need as big of a home, as their kids have moved out, it becomes difficult for them to physically take care of or they simply can?t afford to maintain it. There is nothing wrong with that system. Yes as we get old things in life change and sometimes it is sad, but that is the way it is. For those determined to stay in their homes there are reverse mortgages, special state programs as others have mentioned and a variety of other vehicles to assist them. Bottom line is California is bankrupt because of their unique property taxation system how to you propose to solve the problem?
Quote:
Originally Posted by Meloman
Bingo and there you have it.
Forcing old people to sell there long paid off home is not the way it should work.
I think California has is right when it comes to property taxes.
|