4 ms·

Sure they're sitting on a lot of wealth, but it's not an investment if you're living in it, because there's no income. Also, having to move out of an area bec

Sure they're sitting on a lot of wealth, but it's not an investment if you're living in it, because there's no income. Also, having to move out of an area because you can't afford the taxes on your house says to me that the taxes are out of proportion (or should be reduced for primary residence), or the house values are crazy.

refurb 8y ago
Get a reverse mortgage? Why should we give tax breaks to people who won the housing lottery?
- drb91 8y ago
  Well they’re living in the house, that’s why.
  - refurb 8y ago
    Doesn’t mean they can access the equity. But we wouldn’t want them to have to pay interest now would we? They should be able to pocket that huge financial win for themselves.