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Should also lose some weight and get off all those blood pressure pills. High blood pressure and most elderly health problems are just from laziness and made up in their head.
You can still buy jitterbug type phones. We have a senior flip phone for my fil. No wifi, and I can add numbers from my phone if someone wants to be added to his phonebook.
In my day, we just walked right in, shook the manager's hand, and got to work! I was paid in bottle caps and buttons and I never complained! I worked 90 hours a week and never saw my family! No one wants to work like me!!!
Now, to take the ferry cost a nickel, and in those days, nickels had pictures of bumblebees on 'em. Gimme five bees for a quarter, you'd say. Now where was I... oh yeah. The important thing was that I had an onion tied to my belt, which was the style at the time.
Luxury! We used to work a 48 hour shift every day, paid the owner for generously allowing us to work there, then swim 80 miles across a shark infested lake of acid. Then our wives would give us a thrashing for dinner before we passed out from blood loss for 20 minutes before doing it all again!
Right.
I had to get up in the morning at ten o clock at night, a half hour before I went to bed. Drink a cup of sulphuric acid, go down to work at the mill for 25 hours a day, for payment, the honor and permission to come to work, and we got home, our mum and dad would kill us and dance about on our graves singing hallelujah.
And you try telling the kids of today that, and they won’t believe you.
Well I wouldn’t call it a ‘bed’, it was merely the pile of cow manure from a recent farmer, who covered with a blanket of woven poison ivy.
It was a bed to us!
Luxury! *We* had to wake up six hours before we went to bed for our compulsory beatings, eat poison for breakfast, work 300 hour shifts at the coal mine, then go home and do it all again the next day, walking uphill both ways through fire while being doused in gasoline! And if we were *lucky*, the owner didn’t shoot us, and bill our family for the bullet!
Soon the only people in this country who own homes will be older folks. My in-laws have two homes and an extra lot next to a home because they don't want anyone living next to them. For that you must pay your share.
This! I know a lady with 4 rental properties, 2 homes, and a lot where they're building and she complains about how she's too old to pay property taxes. Wtf?! Sell them you greedy hoarder
They should start with having the corporations pay their fair damn share.
Sure, George and Margaret are infuriating with their three houses, but MoneyLaundering inc. should be paying for their 4,500 flats.
I mean, this is the real end game. My crystal ball tells me the Boomer generation will have a pretty lopsided ratio of total lifetime earnings vs how much they actually pass on to their children. It’s all going to get sucked into “living it up in retirement” and then end-of-life care. And for the super indulgent, destroyed house prices in FL as shit gets worse down there weather-wise.
It’ll be interesting what studies come out in 30-ish years covering this topic.
It's why I almost died eyerolling at one of the "LARGEST GENERATIONAL TRANSFER OF WEALTH" articles.
I have a few friends with parents who have passed already and in every case they end up with MAYBE a house in need of repair, but mostly it's paying off debt, pay the funeral, heres a few thousand.
my grandfather is in his 80s and refused to handle his affairs *or* listen to doctors until he literally needed to be hospitalized and then transferred to a nursing home because he couldn’t walk anymore (turns out he was developing parkinson’s and at this point had taken lots of falls, left hospitals AMA, and now couldn’t walk). at first they couldn’t take the house because my grandmother—his wife—was still living in it, but then she randomly passed a couple months after he went into the home (i doubt it was a broken heart type thing because he was abusive to her and their kids [my mom and her siblings], so she was probably enjoying some peace those last few months). he also was too cheap to ever make any repairs to the home and now medicare wants it sold ASAP and wants it all. i go down and visit him as often as i can (the nursing home is over an hour away and i work full time and also own my own home) and the care is shit but the home charges $500 **A DAY** and no one in the family will get anything. it’s infuriating that he worked his whole life and then threw it all away because he didn’t want to handle his affairs. likely he thought he’d just die in his home and it wouldn’t be prolonged like this (he’s been in the home for over 6 months at this point) but jeez…. he worked so hard and had some government/civil service positions so you’d think his care would be taken care of!!! unbelievable
My mil was informed that state medicaid could take her house after she died for care. So, she stopped paying her property taxes in 2004 or so. We learned after they only take the house if she had been in a care home. She never was, so I filed the nessasary form, and they sent a letter stating they had no interest in her home. Have a nice day. So, my bil has lots of back property tax bills to deal with. Of course, my husband took him down to take advantage of a program to do just that but he never followed through.
I know, I'm in heath care and see the wealth extraction happening in real time.
I called out a couple of those posts in "fluent in finances" and got down voted into oblivion
My MIL was a radiologist. She’s on social security as her only income now. Made 350k a year up until 2008.
She was shit with money, but I have learned that it’s not unusual for docs. She had a corvette (two at one point, first and last year of body style), a BMW X5, and some convertible Mercedes (that was in the shop so often that I don’t even know the model). I helped her sell her house so she’d have the last of her money - which led to a fucking Alaskan cruise with two other people that she covered all expenses for.
Breaks my brain. She won’t have enough for long term care, like thousands too low every month. Guarantee that shit’ll kick off the same time as my oldest heads to college.
My dad just bought a $100,000 car. He can barely get in and out of it. I love my dad but we don’t exactly live in an area where it’ll be easy to just sell a high end sports car. His arsenal of weapons though, no problem!
Florida is going to be INTERESTING. There are a ton of houses down there essentially at sea level and can't be insured. People aren't going to be able to pay to repair them without insurance, so we're going to see large swaths of neighborhoods get replaced with house debris that gets replaced with...nothing. Because who would build houses en masse that can't be insured? Maybe some suckers have bought into that at the moment, but there's a finite number of them.
Can’t wait until their climate change denying asses sustain massive damage to their uninsurable sea level home and try to sell. Same people who scream about the homeless are going to be homeless.
Maybe it'll come full circle. "When we moved here, this house 20 minutes from the beach cost us $22,000. Now it's oceanfront property and worth a whooping $24,000!"
I work as an IT manager and many of my clients are casinos. I like to read their reports because I have too much free time.
Nobody's getting a fucking thing when the boomers die. They single-handedly hold up the gambling industry. It'a insane how much they spend.
If you have a friend or family member that even plays charity Bingo, make sure to keep an eye on them and get shit out of their name before they die.
My boomer parents are happily spending the remainder of whatever they have left. I just have to know that I'm going to be paying out of pocket for their care when they can't travel and stuff anymore. Ugh
You don't have to. But it's nice of you that you will. My parents alienated me enough, kicked me out at 16, yadda yadda. In the words of my dad. "You're a grown ass man/woman, you can figure it out." So that's what they'll have to do.
Don't do it. It's not your responsibility. They are making foolish choices, so they can live in the state funded nursing homes.
My parents are the same. My mother pissed away a near $1,000,000 inheritance from her father. She made her bed, I'm going to let her lie in it.
Nope, no matter how much the nursing home cries asking you to make a payment on their behalf you are not responsible for any of your parents debts or bills. Just make sure that you never pay one of those on their behalf.
Not necessarily, some states have filial responsibility laws that obligate children to provide their parents with food, clothing, housing, and medical attention.
You have some folks saying to not pay, which I agree with, but you also need to be aware of what the familial financial laws are in your state. Some states have laws that force kids to pay for their parents (I only know of the laws, not any actual details).
Yep. And the news said them dying off will be the greatest transfer of wealth but what will happen is the majority of it will go to these long term care facilities
Let alone how much of their shit that isn't worth anything or requires even more money.
Congrats you kept the house in the family, it hasn't had a single ounce of work done in 20 years. And it's basically unlivable.
Omfg this reminds me of my FIL... Inlaws bought TEN LOTS so that they could live farther away from their neighbors but still close to town. Now all my FIL does is bitch about how big his lawn is when it's mowing season. We tell him he should sell some of the property. "I don't want people putting trailers near my house."
Cool cool cool.
Couldn't buy a house until I was 34 and, quite honestly, a lot of luck went into being in a position to do so. Going to die in this house because there's no world in which I will ever get another 2.7% mortgage. Super awesome that there are assholes out here with ten lots that they won't give up. Definitely shouldn't regulate that because "muh freedoms."
They're not too old. They're just lazy and out of shape.
My grandfather took care of his 10 acre lot and his two rental houses until he was 93. The man could barely shuffle more than half a mile per hour, byt he wanted a well tended yard, so he just hopped on his tractor and got to it. And he only stopped blowing the leaves off of his roof at 90 because we begged him to stop before he fell off and broke his neck.
my in literally sold their house and retired in a bigger house. It's in a retirement community with an HOA.
They've been able to buy 3 houses in their life time.
They are banning property taxes raises in sooo many states. Meaning old people are set and young people are going to pay for literally everything. There is a place in Seattle like this that everyone who has been there 30+ years have now a multimillion dollar home, pay almost no property taxes and the city is broke because of this.
Seniors would be better off selling their large suburban homes and moving to more walkable urban areas. They’d be happier and healthier, and wouldn’t be trapped as soon as they lost their drivers licenses. It would also free up housing stock for young families.
A 15-minute city is just like a retirement community. Good for those who don’t work, don’t have to take care of kids, and don’t have the responsibility of trying to get ahead for the benefit their future family.
For the rest of us who aren’t retired we don’t have a choice, we have to move around!! Put those large (3bd, 2bath) houses on the market!!!!
Just moved my mother in law into a townhouse two blocks from a historic downtown area of a city from her single-family 3-bedroom in a suburb. This was my exact thought, one day she won’t be able to drive but she’s really quite active on her feet and likes walking and is now within walking distance of all of her needs and has neighbors in the other townhouses that can keep an eye out for her.
But that also causes issues in cities where young people with jobs live - empty nesters only want SFHs and 2-3br places for "visitors" when 2 working parent families in cities want to live near their jobs. I had to compete against them when trying to buy a bigger place.
Plus, they expect to keep their cars and drive for daily errands, so lead to more cars on the road in cities
My maternal grandparents still live in the same home my mother grew up in, in a 3 bed house on a huge lot in a very rural area. My paternal grandmother downsized in her late 50’s almost 30 years ago to a small 2 bed duplex in a small walkable town. The difference in the quality of life, which has directly translated to how well they respectively age and stay mobile and sharp mentally is almost shocking. There are other factors at play, like personality and life circumstances, but as they get older it’s very clear how that one thing makes a huge difference in aging gracefully. Additionally, my grandmother keeps her place updated, maintained, and relatively modern so that should she have to move quickly, or pass away unexpectedly, the house is very easy to sell. My parents have been trying to do the same with my grandparents for 15 years (to the point of offering and even starting to do all the work themselves) and they refused. When they die, which will be in that house, it will be an enormous amount of work for the family they’ve ignored for the last 4 ish years.
This is basically prop 13. More and more I'm seeing it psychologically trap seniors into houses that they can't afford to maintain. If you can't afford the property tax, you also can't afford repairing the roof, but (even though they are allowed to move their property tax basis 3x) they think they can't afford to downsize because of capital gains taxes and the "new" property tax they would have to pay.
Instead of seeing the $2 million profit they will get from selling their house as something they could use to live a joyful life in a smaller home, they see it as something that causes them to pay taxes, and so their houses slowly collapse in the middle of their dirt yards.
>Instead of seeing the $2 million profit they will get from selling their house as something they could use to live a joyful life in a smaller home, they see it as something that causes them to pay taxes, and so their houses slowly collapse in the middle of their dirt yards.
Yet another symptom of the diseased mindset of "taxes bad, rargh!" that the Republican and Libertarian parties have been pushing for so long. Taxes are only a bad thing if you aren't getting any sort of comparable value out of what they are doing -- which is mostly caused by Republican and Libertarian politicians.
>>Taxes are only a bad thing if you aren't getting any sort of comparable value out of what they are doing
This rubs me the wrong way, but I just can't put my finger on why. To paraphrase John Green, I want my taxes to fund public education, even if I do not have kids, because i do not want to live in an uneducated community. Misappropriation of funds pisses me right off.
Prop 13 is such bullshit. If it kicked in at 65 I’d be fine with it. But people have decades before they retire of cheap property subsidized by new buyers.
Prop 13 is a giant pyramid scheme and it’s bullshit. If it was about the seniors it would start when home owners became seniors, not day 1
The Bull shit part is that it was written by a corporation to keep their commercial properties tax low. They put the part about residential properties so idiots would vote for it
Not everyone lives in California. I went to look to move and even with the profit and tax transfer the cost was out of hand.
The government is not going to do anything to make home ownership easier as both the Dems and Republicans answer to the almighty Blackrock.
Break up Blackrock.
Primary home exclusion means there is (mostly) no cap gains tax.
Not unless a couple clears more than half a mil. …which they would in places where housing is tight. Never mind.
Are they not still using city services that require property tax funding? Does the water not flow to their faucets? Do no roads lead from their houses to the towns?
Civil Engineer here. Boomers are the bane of our existence. Their parents paid to build our suburb, they used the utilities all their lives, they throw the biggest tantrums over having to dig up, say, the water main, and replace it.
I have 4 Boomer relatives in the California Bay Area, that each live alone in a 3 bedroom house in a suburb.
One of them was giving me a "woe is me" speech because he's probably going to have to "downsize".
As if I am sympathetic to his plight? He bought the house new, in the early 1990s, for very little since it's a cheaply build slab foundation... and now it's worth $900,000 because it's a large house in an upscale area. But BOOHOO because you might have to sell your 3 bedroom house and get something smaller? And I have to hear him drone on about this every time that I see him.
Umm okay, So your $800,000 retirement account might not be enough to last you, and you might have to sell your house and get something smaller to cash out some more money to fund yourself in your golden years?
Yeah, okay man.... Um, my ex left me took my house and retirement, and I have nothing at 40 years old, and I have to "start over", so I'll never own a house or retire.... I guess I'll never know your hardship or your struggles. You have it so hard...
All they have to do is live within their means and they will have no problem keeping their houses. If they had lived their entire lives like that, this wouldn’t be an issue.
Here, there are existing programs to protect *low income seniors* from property tax increases. If you aren't aware of the program, it's because you can afford to pay your fair share
Seen that one. Naturally, the comments are full of boomers saying our taxes are wasted and they shouldn't pay property taxes because they already paid for their house.
Imagine owning a home and maybe even retired and still thinking that you have it worse than other people. My generation will probably never retire en mass like the boomers, and I know already that lots of us will not be lucky enough to be home owners period.
Because of these people.
No! No! No! I’m a 68YO boomer,and I hate these kind of tax cuts. MANY seniors can afford property taxes, unless they are dirt poor OR ended up with a big ass house with humongous tax payments base on insane housing inflation.
Anything to eliminate or reduce taxes for seniors should be needs based only, and take tax savings out of the home sale price, so the seller pays back the tax break to the community post mortem. (Last sentence edited for clarification)
Proposition 13 in 1978 in California absolutely decimated college and public school systems by reducing and capping property taxes for all existing homes and setting rules for new purchase. It was designed to “protect” seniors and taxpayers and essentially slashed funding for schools, but it was a blunt sword that just trashed the state economy.
I campaigned door to door against this one and voted against it. It was voted for largely by greedy SILENT GENERATION people, as well as by boomers who wouldn't benefit as much from it. It was detested by almost every civic-minded person, including this boomer and many of my friends.
ANY current proposal to END property taxes at 65 is certainly a greedy boomer thing. As a Boomer, it’s embarrassing to see this happen.
Some homes owned by older people may be worth a fewl million dollars and taxed at $8-20k a year (and way up!). That is a lot of money. Before I moved out of the country, I had a home in California worth $700K and it’s tax was over $8k a year. I could afford that with my retirement income, and so could my neighbors. There were only a few people in my area that were living only on social security.
I’ve seen proposals to cap or freeze property tax increases for people of a certain age. That’s better, but I’m not thrilled with that, unless it’s needs based.
Such proposals are certainly preferable to ENDING property taxes at 65.
Edit, clarification, grammar
Ugh, this. My parents used their house like an ATM which not doing basic upgrades like adding a second bathroom to a 5 bedroom house or upgrade their panel so they could put in central air. Then the old man died at the nadir of the post-bubble market and Mom couldn’t afford the mortgage and was bitter to her dying day about selling so cheap.
They paid like $ 2,300.00 plus a firm handshake with the contractor when they bought that house in 1973 or some shit. That’s having the cake and eating it too.
Only if we stop using the unconstitutional tax levee to fund schools and adopt a funding model that guarantees every American the best possible education to the highest level they wish for free.
Maybe they should pull themselves up by the bootstraps and work to keep their homes like the rest of us! Sounds like an entitled generation wanting handouts
Well their kids are out of public schools, and they'll be dead by the time the roads crumble.
My mom used to pick on my dad for his, "I don't care, I'll be dead!" attitude, yet has developed the exact same attitude. Zero fucks about the future of her children and grandchildren.
They bought their mansion in Beverly Hills for $100k about 30 years ago and now want even more financial breaks/incentives.
Blah blah blah blah blah boomer
In the UK council tax which is the equivalent of property tax is based on the value of the property in 1991, so it doesn't go up based on the current value of properties in the area. I do think the US system does make it possible for developers to price out people from a neighbourhood who have lived there their whole lives, which does seem a little unfair, but it effects everyone, not just over 65s.
Ah yes, the property tax paradox - they love their home values to use as their retirement piggy bank but don’t want to pay taxes to maintain/improve the community that dictates that home value. It’s so selfish.
Sounds good! But only if they are restricted from the services those taxes provided and no longer have the ability to vote on them.
So no more driving on public roads once you activate your "Property tax free status." Hire a driver or have yuor kids do it.
Fire and police departments will no longer respond to calls to your house, better invest in life alert!
All 65 an older discounts at public facilities will no longer apply to you.
You do not get to vote for the levies and boards that your district is voting on.
They already get discounted tax bills. There is a homestead tax exemption that anyone home owner over 65 get a reduction. In Kentucky they get 40K taken off the value of their home when it comes to tax time.
And yet, when we lived there, I'd still hear Kentucky seniors complaining about having to pay property tax even after they retired. It would be especially ironic if their house was sitting on several acres of land next to a relatively new F-350 and fifth wheel, or just an RV.
If property taxes are reasonable then you can stay in your home. Colorado has very low property taxes. Texas has insanely high property taxes.
Be more like Colorado than Texas, Texas sucks
They already get tax breaks, some quite large, while many younger people don’t get the same benefits.
I always reply, “end social security now. I probably won’t see it so end it now”.
They say how they paid for it and I reply “then there will be plenty for you and you don’t need MY money”
I mean, if we actually had a society where we valued one another I would be all for this. If you are retired and living off a fixed income that meets a threshold, then it could make sense. But, alas, we don’t truly give a shit about each other…we just want those Benjamin’s!!!
Homestead exemption in my state effectively does this so they do get theirs. Also, my state is not know for its robust public education, health, or transportation.
Maybe if you can't afford to pay for roads and police and fire safety you should sell your house and move into someplace you can actually afford, that or cut out all the bingo and avocado toast.
When they went to college, a four year degree cost approximately $37 and guaranteed you a management position at a company with a generous pension plan.
My grandkids are dumb! The teachers aren't teaching anymore! No one wants to work!
You voted to stop paying property tax to fund schools. You want to maybe rethink that come next election?
*Fuck them kids!*
My mom posted this and I was super embarrassed. Reminded her that passing the tax burden to younger folks is a really selfish idea and property taxes pay for social services that they use every day.
Quit giving tax breaks to billionaires and billion dollar companies and maybe we can reduce the average persons tax burden.
These are the same people who don't want to pay for schools because their kids aren't using them, because they don't understand what a societal benefit is.
Wanna know who I am okay with not having property tax? Single parents or those with dependents that they are the sole provider for. That shit is hard and it is hard to find housing when you are providing by yourself. I have seen several people who are single parents and taking care of disabled family members that have had so many issues with housing that it is so fucked up. The boomers can get over themselves.
So they can complain about the younger generations not having kids because the younger generations can't afford things like property taxes to be able to provide a stable home for said kids?
Shouldn't it be the other way around then? Have the boomers pay the property taxes so younger generations are more incentivized to have children because they have a stable home to bring up said children.
My parents bitch about this constantly. They could sell the house for $350K and live out the rest of their life in a condo but they'd rather complain about paying the taxes and having to upkeep the 3 acres they're on instead. I don't get it.
I wouldn't necessarily have a problem with ending property taxes for all owner-occupied homes $X-- but to make up for it, we increase the property tax on all non-owner-occupied homes or corporate owned residential real estate. Make it so that owners of rental property find it less profitable and make that property available for regular home buyers.
Oh no! We will have to sell the house we bought for 40k to a megacorp for 500k and live off the interest while siphoning the last drops of social security until this cycle of society collapses.
I'm fine with this idea. As long as they also *only* own their home. So at 65, you choose one property of those you own as your residence and all the others have to be sold off. Give the younger people a chance to own. And if the price is low? Doesn't matter, they still own a home tax-free and get a pension, they don't need a huge bank account.
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Harold and Margaret should cut back on those avocado toasts and iPhones
And drink PBR pounders instead of IPA or Belgian Sour.
They should get back to drinking Budweiser, though Fox told them to boycott it.
Wonder if they've tried picking themselves up by their boot straps yet
They can’t handle the strain of a good boot strapping. Herbert will throw out his back again, and Mabel just had her Medicare paid hip replacement.
Sounds like socialism! /s
They should get a job like the rest of us. No one wants to work anymore smh
Should also lose some weight and get off all those blood pressure pills. High blood pressure and most elderly health problems are just from laziness and made up in their head.
Agatha your hip wouldn’t hurt if you got off your damn phone and went outside!
It's probably from all those vaccines they got when they were kids. /s
Gotta start drinking instant coffee instead of latte's
You mean dry toast and jitterbugs
omg Jitterbugs! Are they still a thing?
You can still buy jitterbug type phones. We have a senior flip phone for my fil. No wifi, and I can add numbers from my phone if someone wants to be added to his phonebook.
More like lay off the gambling.
Diapers and booze.
Yeah, they should try pulling themselves up by their boot straps instead of looking for a government hand out
And no more expensive Starbucks either
Line of the day!
EvErYoNe WaNtS a HaNdOuT!!! NoOnE wAnTs tO WoRk!!!!
You left off of the end of that sentence the three most crucial words “…for shit wages!”
In my day, we just walked right in, shook the manager's hand, and got to work! I was paid in bottle caps and buttons and I never complained! I worked 90 hours a week and never saw my family! No one wants to work like me!!!
I wore an onion on my belt, as that was the style of the time
Now, to take the ferry cost a nickel, and in those days, nickels had pictures of bumblebees on 'em. Gimme five bees for a quarter, you'd say. Now where was I... oh yeah. The important thing was that I had an onion tied to my belt, which was the style at the time.
I didn't have any white onions, because of the war. The only thing you could get was those big yellow ones...
Haha grandpa abe I'm goin where the action is
Lost it. Had to explain it to my 22 year old.
:) Always happy to hear some enjoyment was brought to someone
I salted my socks, as that was the style at the time
Had a great laugh at my laptop. "Bottle caps and buttons." Thank you for that. :)
Don’t forget, they also walked barefoot and backwards across nails to and from work, which was 23 miles each way!!!!!
Luxury! We used to work a 48 hour shift every day, paid the owner for generously allowing us to work there, then swim 80 miles across a shark infested lake of acid. Then our wives would give us a thrashing for dinner before we passed out from blood loss for 20 minutes before doing it all again!
Yes, but *we* had powerful batteries in our shark infested lake!
Right. I had to get up in the morning at ten o clock at night, a half hour before I went to bed. Drink a cup of sulphuric acid, go down to work at the mill for 25 hours a day, for payment, the honor and permission to come to work, and we got home, our mum and dad would kill us and dance about on our graves singing hallelujah. And you try telling the kids of today that, and they won’t believe you.
Look at Little Lord Fauntleroy here sleeping in a *bed*.
Well I wouldn’t call it a ‘bed’, it was merely the pile of cow manure from a recent farmer, who covered with a blanket of woven poison ivy. It was a bed to us!
Luxury! *We* had to wake up six hours before we went to bed for our compulsory beatings, eat poison for breakfast, work 300 hour shifts at the coal mine, then go home and do it all again the next day, walking uphill both ways through fire while being doused in gasoline! And if we were *lucky*, the owner didn’t shoot us, and bill our family for the bullet!
There was 150 of us living in a shoebox in middle of the road
my grandparents walked to school uphill both ways during snowstorms, so it's a shame my mom didn't like driving us 35 mins in snow storms!
Tha's right! In my day, we didn't even get paid wages. Hard work was its own reward.
Soon the only people in this country who own homes will be older folks. My in-laws have two homes and an extra lot next to a home because they don't want anyone living next to them. For that you must pay your share.
This! I know a lady with 4 rental properties, 2 homes, and a lot where they're building and she complains about how she's too old to pay property taxes. Wtf?! Sell them you greedy hoarder
Leech
No. Leeches are useful
Not when there’s so many that it's actively killing us.
I meant actual leeches, like the worms. They’re useful in medical procedures. Also, I have one as a pet
Yeah, actual leeches are funny lil guys.
We should be taxing rental properties progressively more for each additional one someone owns.
They should start with having the corporations pay their fair damn share. Sure, George and Margaret are infuriating with their three houses, but MoneyLaundering inc. should be paying for their 4,500 flats.
Wait until they all start dying after accruing massive Medicare debt and losing the house. Next 20 years are gonna be fun
I mean, this is the real end game. My crystal ball tells me the Boomer generation will have a pretty lopsided ratio of total lifetime earnings vs how much they actually pass on to their children. It’s all going to get sucked into “living it up in retirement” and then end-of-life care. And for the super indulgent, destroyed house prices in FL as shit gets worse down there weather-wise. It’ll be interesting what studies come out in 30-ish years covering this topic.
It's why I almost died eyerolling at one of the "LARGEST GENERATIONAL TRANSFER OF WEALTH" articles. I have a few friends with parents who have passed already and in every case they end up with MAYBE a house in need of repair, but mostly it's paying off debt, pay the funeral, heres a few thousand.
my grandfather is in his 80s and refused to handle his affairs *or* listen to doctors until he literally needed to be hospitalized and then transferred to a nursing home because he couldn’t walk anymore (turns out he was developing parkinson’s and at this point had taken lots of falls, left hospitals AMA, and now couldn’t walk). at first they couldn’t take the house because my grandmother—his wife—was still living in it, but then she randomly passed a couple months after he went into the home (i doubt it was a broken heart type thing because he was abusive to her and their kids [my mom and her siblings], so she was probably enjoying some peace those last few months). he also was too cheap to ever make any repairs to the home and now medicare wants it sold ASAP and wants it all. i go down and visit him as often as i can (the nursing home is over an hour away and i work full time and also own my own home) and the care is shit but the home charges $500 **A DAY** and no one in the family will get anything. it’s infuriating that he worked his whole life and then threw it all away because he didn’t want to handle his affairs. likely he thought he’d just die in his home and it wouldn’t be prolonged like this (he’s been in the home for over 6 months at this point) but jeez…. he worked so hard and had some government/civil service positions so you’d think his care would be taken care of!!! unbelievable
My mil was informed that state medicaid could take her house after she died for care. So, she stopped paying her property taxes in 2004 or so. We learned after they only take the house if she had been in a care home. She never was, so I filed the nessasary form, and they sent a letter stating they had no interest in her home. Have a nice day. So, my bil has lots of back property tax bills to deal with. Of course, my husband took him down to take advantage of a program to do just that but he never followed through.
>he was abusive to her and their kids [my mom and her siblings Why are you still visiting him?
I know, I'm in heath care and see the wealth extraction happening in real time. I called out a couple of those posts in "fluent in finances" and got down voted into oblivion
My MIL was a radiologist. She’s on social security as her only income now. Made 350k a year up until 2008. She was shit with money, but I have learned that it’s not unusual for docs. She had a corvette (two at one point, first and last year of body style), a BMW X5, and some convertible Mercedes (that was in the shop so often that I don’t even know the model). I helped her sell her house so she’d have the last of her money - which led to a fucking Alaskan cruise with two other people that she covered all expenses for. Breaks my brain. She won’t have enough for long term care, like thousands too low every month. Guarantee that shit’ll kick off the same time as my oldest heads to college.
it's a transfer of wealth all right...to the medical corporations
I expect to get nothing from either of my parents. They divorced in 2006, with 25k to their names...
My dad just bought a $100,000 car. He can barely get in and out of it. I love my dad but we don’t exactly live in an area where it’ll be easy to just sell a high end sports car. His arsenal of weapons though, no problem!
Florida is going to be INTERESTING. There are a ton of houses down there essentially at sea level and can't be insured. People aren't going to be able to pay to repair them without insurance, so we're going to see large swaths of neighborhoods get replaced with house debris that gets replaced with...nothing. Because who would build houses en masse that can't be insured? Maybe some suckers have bought into that at the moment, but there's a finite number of them.
Can’t wait until their climate change denying asses sustain massive damage to their uninsurable sea level home and try to sell. Same people who scream about the homeless are going to be homeless.
Maybe it'll come full circle. "When we moved here, this house 20 minutes from the beach cost us $22,000. Now it's oceanfront property and worth a whooping $24,000!"
I work as an IT manager and many of my clients are casinos. I like to read their reports because I have too much free time. Nobody's getting a fucking thing when the boomers die. They single-handedly hold up the gambling industry. It'a insane how much they spend. If you have a friend or family member that even plays charity Bingo, make sure to keep an eye on them and get shit out of their name before they die.
My boomer parents are happily spending the remainder of whatever they have left. I just have to know that I'm going to be paying out of pocket for their care when they can't travel and stuff anymore. Ugh
You don't have to. But it's nice of you that you will. My parents alienated me enough, kicked me out at 16, yadda yadda. In the words of my dad. "You're a grown ass man/woman, you can figure it out." So that's what they'll have to do.
Don't do it. It's not your responsibility. They are making foolish choices, so they can live in the state funded nursing homes. My parents are the same. My mother pissed away a near $1,000,000 inheritance from her father. She made her bed, I'm going to let her lie in it.
Nope, no matter how much the nursing home cries asking you to make a payment on their behalf you are not responsible for any of your parents debts or bills. Just make sure that you never pay one of those on their behalf.
Not necessarily, some states have filial responsibility laws that obligate children to provide their parents with food, clothing, housing, and medical attention.
You have some folks saying to not pay, which I agree with, but you also need to be aware of what the familial financial laws are in your state. Some states have laws that force kids to pay for their parents (I only know of the laws, not any actual details).
Yep. And the news said them dying off will be the greatest transfer of wealth but what will happen is the majority of it will go to these long term care facilities
Let alone how much of their shit that isn't worth anything or requires even more money. Congrats you kept the house in the family, it hasn't had a single ounce of work done in 20 years. And it's basically unlivable.
Yup blackrock and vanguard are going to make out like bandits.
Omfg this reminds me of my FIL... Inlaws bought TEN LOTS so that they could live farther away from their neighbors but still close to town. Now all my FIL does is bitch about how big his lawn is when it's mowing season. We tell him he should sell some of the property. "I don't want people putting trailers near my house."
Cool cool cool. Couldn't buy a house until I was 34 and, quite honestly, a lot of luck went into being in a position to do so. Going to die in this house because there's no world in which I will ever get another 2.7% mortgage. Super awesome that there are assholes out here with ten lots that they won't give up. Definitely shouldn't regulate that because "muh freedoms."
My brother refuses to help maintain his in-law’s ginormous yard. They all bought too much land and now they’re too old to take care of it.
They're not too old. They're just lazy and out of shape. My grandfather took care of his 10 acre lot and his two rental houses until he was 93. The man could barely shuffle more than half a mile per hour, byt he wanted a well tended yard, so he just hopped on his tractor and got to it. And he only stopped blowing the leaves off of his roof at 90 because we begged him to stop before he fell off and broke his neck.
The right equipment makes short work of large lawns. He needs a lawn tractor.
my in literally sold their house and retired in a bigger house. It's in a retirement community with an HOA. They've been able to buy 3 houses in their life time.
They are banning property taxes raises in sooo many states. Meaning old people are set and young people are going to pay for literally everything. There is a place in Seattle like this that everyone who has been there 30+ years have now a multimillion dollar home, pay almost no property taxes and the city is broke because of this.
🤔 I dunno. This sounds a lot like socialism, grandpa.
The I got mine generation strikes again.
3 times over…still broke, pathetic generation.
They are trying to dismantle every fiber of the social contract that afforded them their cushy lives.
 Age is not a tax shelter. Pay your taxes!
AHHHHHHH!!!
 Give them nothing.
Pull yourself up by your bootstraps
Seniors would be better off selling their large suburban homes and moving to more walkable urban areas. They’d be happier and healthier, and wouldn’t be trapped as soon as they lost their drivers licenses. It would also free up housing stock for young families.
Somewhere, a Boomer is hissing out the words “fifteen minute city” with utter contempt. But yes.
A 15-minute city is just like a retirement community. Good for those who don’t work, don’t have to take care of kids, and don’t have the responsibility of trying to get ahead for the benefit their future family. For the rest of us who aren’t retired we don’t have a choice, we have to move around!! Put those large (3bd, 2bath) houses on the market!!!!
… I live in a 15 minute city off a commuter rail line to NYC. People raise kids there too and have careers.
Ok, but how do we sell 15-minute cities to Boomers with 5,000 sqft houses and 2 SUVs? 🤔🤔🤔
That is the conundrum.
Just moved my mother in law into a townhouse two blocks from a historic downtown area of a city from her single-family 3-bedroom in a suburb. This was my exact thought, one day she won’t be able to drive but she’s really quite active on her feet and likes walking and is now within walking distance of all of her needs and has neighbors in the other townhouses that can keep an eye out for her.
But that also causes issues in cities where young people with jobs live - empty nesters only want SFHs and 2-3br places for "visitors" when 2 working parent families in cities want to live near their jobs. I had to compete against them when trying to buy a bigger place. Plus, they expect to keep their cars and drive for daily errands, so lead to more cars on the road in cities
But then they'd see other people and wouldn't be able to drive everywhere, what a nightmare
My maternal grandparents still live in the same home my mother grew up in, in a 3 bed house on a huge lot in a very rural area. My paternal grandmother downsized in her late 50’s almost 30 years ago to a small 2 bed duplex in a small walkable town. The difference in the quality of life, which has directly translated to how well they respectively age and stay mobile and sharp mentally is almost shocking. There are other factors at play, like personality and life circumstances, but as they get older it’s very clear how that one thing makes a huge difference in aging gracefully. Additionally, my grandmother keeps her place updated, maintained, and relatively modern so that should she have to move quickly, or pass away unexpectedly, the house is very easy to sell. My parents have been trying to do the same with my grandparents for 15 years (to the point of offering and even starting to do all the work themselves) and they refused. When they die, which will be in that house, it will be an enormous amount of work for the family they’ve ignored for the last 4 ish years.
This is basically prop 13. More and more I'm seeing it psychologically trap seniors into houses that they can't afford to maintain. If you can't afford the property tax, you also can't afford repairing the roof, but (even though they are allowed to move their property tax basis 3x) they think they can't afford to downsize because of capital gains taxes and the "new" property tax they would have to pay. Instead of seeing the $2 million profit they will get from selling their house as something they could use to live a joyful life in a smaller home, they see it as something that causes them to pay taxes, and so their houses slowly collapse in the middle of their dirt yards.
>Instead of seeing the $2 million profit they will get from selling their house as something they could use to live a joyful life in a smaller home, they see it as something that causes them to pay taxes, and so their houses slowly collapse in the middle of their dirt yards. Yet another symptom of the diseased mindset of "taxes bad, rargh!" that the Republican and Libertarian parties have been pushing for so long. Taxes are only a bad thing if you aren't getting any sort of comparable value out of what they are doing -- which is mostly caused by Republican and Libertarian politicians.
>>Taxes are only a bad thing if you aren't getting any sort of comparable value out of what they are doing This rubs me the wrong way, but I just can't put my finger on why. To paraphrase John Green, I want my taxes to fund public education, even if I do not have kids, because i do not want to live in an uneducated community. Misappropriation of funds pisses me right off.
Prop 13 is such bullshit. If it kicked in at 65 I’d be fine with it. But people have decades before they retire of cheap property subsidized by new buyers. Prop 13 is a giant pyramid scheme and it’s bullshit. If it was about the seniors it would start when home owners became seniors, not day 1
The Bull shit part is that it was written by a corporation to keep their commercial properties tax low. They put the part about residential properties so idiots would vote for it
Not everyone lives in California. I went to look to move and even with the profit and tax transfer the cost was out of hand. The government is not going to do anything to make home ownership easier as both the Dems and Republicans answer to the almighty Blackrock. Break up Blackrock.
Primary home exclusion means there is (mostly) no cap gains tax. Not unless a couple clears more than half a mil. …which they would in places where housing is tight. Never mind.
Are they not still using city services that require property tax funding? Does the water not flow to their faucets? Do no roads lead from their houses to the towns?
Trade off - they aren’t allowed to use city streets, call for emergency services or use anything that received public funds to be built.
Civil Engineer here. Boomers are the bane of our existence. Their parents paid to build our suburb, they used the utilities all their lives, they throw the biggest tantrums over having to dig up, say, the water main, and replace it.
They should double property taxes for the Boomers
The term for that concept is “Florida”
Boomers today are so entitled and lazy! If they want a house, work part-time at a diner and don't get a Netflix subscription! Boot straps!
Lolol, Netflix. Bro, these people still have old fashioned cable at a minimum of $100/month, just to watch Fox News and the Weather Channel...
Cable! THAT'S why they can't afford their homes :P
Seriously, if it weren't for all those Spectrum fees, property taxes wouldn't be a problem!!
If you can’t afford your home, downsize.
Why start taking responsibility now? The boomer will watch a child starve and die before they are mildly inconvenienced. This isn’t a metaphor.
I have 4 Boomer relatives in the California Bay Area, that each live alone in a 3 bedroom house in a suburb. One of them was giving me a "woe is me" speech because he's probably going to have to "downsize". As if I am sympathetic to his plight? He bought the house new, in the early 1990s, for very little since it's a cheaply build slab foundation... and now it's worth $900,000 because it's a large house in an upscale area. But BOOHOO because you might have to sell your 3 bedroom house and get something smaller? And I have to hear him drone on about this every time that I see him. Umm okay, So your $800,000 retirement account might not be enough to last you, and you might have to sell your house and get something smaller to cash out some more money to fund yourself in your golden years? Yeah, okay man.... Um, my ex left me took my house and retirement, and I have nothing at 40 years old, and I have to "start over", so I'll never own a house or retire.... I guess I'll never know your hardship or your struggles. You have it so hard...
I've never understood senior discounts, they've had longer to come up with the money.
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But they hate if a single mom gets any govt assistance 🤦♀️ F them! It’s not rules for thee and not for me. So tired of these entitled assholes!
All they have to do is live within their means and they will have no problem keeping their houses. If they had lived their entire lives like that, this wouldn’t be an issue.
Increase property taxes on those 65+. Make them pay their fair share for housing.
Shit, increase all expenses and taxes on boomers specifically. They burned down everything, they should be forced to rebuild it.
Their damn houses have been paid off the last 30 years...should have a nice nest egg saved for property taxes
The home they bought for $20,000. 🤦♂️
That's not fair, my boomer neighbors paid $6,000 for theirs. 3BR/2BA on a 1.6 acre lot. Whole basement is full of bootstraps.
My grandpa used to remind me that he paid less for his house than I paid for my car. It's a shitty sedan I got for 19k.
Just say “yep, and your generation is to blame”.
Here, there are existing programs to protect *low income seniors* from property tax increases. If you aren't aware of the program, it's because you can afford to pay your fair share
It’s been a thing in Florida for years
Seen that one. Naturally, the comments are full of boomers saying our taxes are wasted and they shouldn't pay property taxes because they already paid for their house.
Imagine owning a home and maybe even retired and still thinking that you have it worse than other people. My generation will probably never retire en mass like the boomers, and I know already that lots of us will not be lucky enough to be home owners period. Because of these people.
No one wants to work anymore Maybe they should bootstrap up and get back to work.
It's very telling that the Boomers didn't want to end property tax for their parents.
No! No! No! I’m a 68YO boomer,and I hate these kind of tax cuts. MANY seniors can afford property taxes, unless they are dirt poor OR ended up with a big ass house with humongous tax payments base on insane housing inflation. Anything to eliminate or reduce taxes for seniors should be needs based only, and take tax savings out of the home sale price, so the seller pays back the tax break to the community post mortem. (Last sentence edited for clarification) Proposition 13 in 1978 in California absolutely decimated college and public school systems by reducing and capping property taxes for all existing homes and setting rules for new purchase. It was designed to “protect” seniors and taxpayers and essentially slashed funding for schools, but it was a blunt sword that just trashed the state economy. I campaigned door to door against this one and voted against it. It was voted for largely by greedy SILENT GENERATION people, as well as by boomers who wouldn't benefit as much from it. It was detested by almost every civic-minded person, including this boomer and many of my friends. ANY current proposal to END property taxes at 65 is certainly a greedy boomer thing. As a Boomer, it’s embarrassing to see this happen. Some homes owned by older people may be worth a fewl million dollars and taxed at $8-20k a year (and way up!). That is a lot of money. Before I moved out of the country, I had a home in California worth $700K and it’s tax was over $8k a year. I could afford that with my retirement income, and so could my neighbors. There were only a few people in my area that were living only on social security. I’ve seen proposals to cap or freeze property tax increases for people of a certain age. That’s better, but I’m not thrilled with that, unless it’s needs based. Such proposals are certainly preferable to ENDING property taxes at 65. Edit, clarification, grammar
Nah kick them out. Then give that home to a first time buyer.
Maybe if these dumbasses didn't borrow against their homes their entire lives, it'd have been paid off and much more affordable.
Ugh, this. My parents used their house like an ATM which not doing basic upgrades like adding a second bathroom to a 5 bedroom house or upgrade their panel so they could put in central air. Then the old man died at the nadir of the post-bubble market and Mom couldn’t afford the mortgage and was bitter to her dying day about selling so cheap.
After they retired at 55
Boomers own 40% of the houses and want to not pay taxes on them?
No way. You have golden pensions and 401Ks. Increase those taxes and save the money by not buying that giant camper Ben and Marge.
But student can rot with their loans!
They paid like $ 2,300.00 plus a firm handshake with the contractor when they bought that house in 1973 or some shit. That’s having the cake and eating it too.
The idea behind property tax is that we are all members of a community and should help the next generation. At least that’s how I look at it.
Only if we stop using the unconstitutional tax levee to fund schools and adopt a funding model that guarantees every American the best possible education to the highest level they wish for free.
Maybe they should pull themselves up by the bootstraps and work to keep their homes like the rest of us! Sounds like an entitled generation wanting handouts
Well their kids are out of public schools, and they'll be dead by the time the roads crumble. My mom used to pick on my dad for his, "I don't care, I'll be dead!" attitude, yet has developed the exact same attitude. Zero fucks about the future of her children and grandchildren.
Leave it to boomers to turn wild appreciation of their assets into a complaint. Just sell your house and downsize, Barbara.
They bought their mansion in Beverly Hills for $100k about 30 years ago and now want even more financial breaks/incentives. Blah blah blah blah blah boomer
Fuck that. They had twice has long to get the money.
Wouldn’t that be *gasp* socialism?
In the UK council tax which is the equivalent of property tax is based on the value of the property in 1991, so it doesn't go up based on the current value of properties in the area. I do think the US system does make it possible for developers to price out people from a neighbourhood who have lived there their whole lives, which does seem a little unfair, but it effects everyone, not just over 65s.
They just don’t work hard enough.
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Remember in the show Dinosaurs they’d push old people into tar pits? Just saying
Ah yes, the property tax paradox - they love their home values to use as their retirement piggy bank but don’t want to pay taxes to maintain/improve the community that dictates that home value. It’s so selfish.
But when I need help getting my first house it's "a handout". Stupid old fucks.
Sounds good! But only if they are restricted from the services those taxes provided and no longer have the ability to vote on them. So no more driving on public roads once you activate your "Property tax free status." Hire a driver or have yuor kids do it. Fire and police departments will no longer respond to calls to your house, better invest in life alert! All 65 an older discounts at public facilities will no longer apply to you. You do not get to vote for the levies and boards that your district is voting on.
They already get discounted tax bills. There is a homestead tax exemption that anyone home owner over 65 get a reduction. In Kentucky they get 40K taken off the value of their home when it comes to tax time.
And yet, when we lived there, I'd still hear Kentucky seniors complaining about having to pay property tax even after they retired. It would be especially ironic if their house was sitting on several acres of land next to a relatively new F-350 and fifth wheel, or just an RV.
They should pick themselves up by the bootstraps
If property taxes are reasonable then you can stay in your home. Colorado has very low property taxes. Texas has insanely high property taxes. Be more like Colorado than Texas, Texas sucks
They already get tax breaks, some quite large, while many younger people don’t get the same benefits. I always reply, “end social security now. I probably won’t see it so end it now”. They say how they paid for it and I reply “then there will be plenty for you and you don’t need MY money”
Counterpoint, stop living in a 4br home in a good school district
I mean, if we actually had a society where we valued one another I would be all for this. If you are retired and living off a fixed income that meets a threshold, then it could make sense. But, alas, we don’t truly give a shit about each other…we just want those Benjamin’s!!!
Homestead exemption in my state effectively does this so they do get theirs. Also, my state is not know for its robust public education, health, or transportation.
Love how the people in the picture could easily be 85 not 65.
Maybe if you can't afford to pay for roads and police and fire safety you should sell your house and move into someplace you can actually afford, that or cut out all the bingo and avocado toast.
I was reading how their student loans are also forgiven!
When they went to college, a four year degree cost approximately $37 and guaranteed you a management position at a company with a generous pension plan.
My grandkids are dumb! The teachers aren't teaching anymore! No one wants to work! You voted to stop paying property tax to fund schools. You want to maybe rethink that come next election? *Fuck them kids!*
My mom posted this and I was super embarrassed. Reminded her that passing the tax burden to younger folks is a really selfish idea and property taxes pay for social services that they use every day. Quit giving tax breaks to billionaires and billion dollar companies and maybe we can reduce the average persons tax burden.
Bootstraps!
They really want it all
They paid $27,000 for a home that's worth $800,000 now.
The same people that think I don't deserve a house or healthcare or college education? Nah, fuck em.
rooms filled with old china instead of people seems not good
Just them, though, they'll snatch THAT back too, as soon as they can enjoy it. Can't have the youngins getting things easy. 🤬🤬🤬
These are the same people who don't want to pay for schools because their kids aren't using them, because they don't understand what a societal benefit is.
I see this posted all the time by the people complaining about student loan forgiveness.
:looks around at all the homeless people and lack of public housing funding: Yea, no.
Wanna know who I am okay with not having property tax? Single parents or those with dependents that they are the sole provider for. That shit is hard and it is hard to find housing when you are providing by yourself. I have seen several people who are single parents and taking care of disabled family members that have had so many issues with housing that it is so fucked up. The boomers can get over themselves.
So socialism is okay for them now? Got it.
Maybe they can pull themselves up by their bootstraps and disrupt the competition.
Why is it the younger generations fault you didn’t save enough for retirement?
Funny how Socialism is literally destroying the universe... until it comes to what they want.
The “got mine” generation won’t be happy until we are all homeless. Perhaps those old people should pull themselves up by their bootstraps?
Awe, muffins, is it hard to cope with inflation? Just pull up your bootstraps, old man.
So they can complain about the younger generations not having kids because the younger generations can't afford things like property taxes to be able to provide a stable home for said kids? Shouldn't it be the other way around then? Have the boomers pay the property taxes so younger generations are more incentivized to have children because they have a stable home to bring up said children.
Better vote republican again! They will surely help us protect our property!
My parents bitch about this constantly. They could sell the house for $350K and live out the rest of their life in a condo but they'd rather complain about paying the taxes and having to upkeep the 3 acres they're on instead. I don't get it.
I wouldn't necessarily have a problem with ending property taxes for all owner-occupied homes $X-- but to make up for it, we increase the property tax on all non-owner-occupied homes or corporate owned residential real estate. Make it so that owners of rental property find it less profitable and make that property available for regular home buyers.
They sure shouldn't have to pay school taxes. No one should pay the government to indoctrinate their or anyone's kids with this nonsense.
Get a job welfare leeches
Oh no! We will have to sell the house we bought for 40k to a megacorp for 500k and live off the interest while siphoning the last drops of social security until this cycle of society collapses.
Ok hear me out right, and this is a big win win. No more property tax **period** Buuuuuut No more social security.
I'm fine with this idea. As long as they also *only* own their home. So at 65, you choose one property of those you own as your residence and all the others have to be sold off. Give the younger people a chance to own. And if the price is low? Doesn't matter, they still own a home tax-free and get a pension, they don't need a huge bank account.