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Or seniors could be allowed to defer their property taxes and convert them into a tax lien on their property, to be dealt with by the estate. You know, a simpl

Or seniors could be allowed to defer their property taxes and convert them into a tax lien on their property, to be dealt with by the estate. You know, a simple and obvious solution. But of course, the two guys in Hell or High Water would still ultimately be SOL. That's what privilege (owning a house sitting on highly-desirable land that's probably worth millions of dollars) looks like in real life. Privilege and greed.

abalone 8y ago
Did you see the movie? It was a poor family that put all their money into a house, then lost it through a reverse mortgage. “Privilege and greed” is a slapdash accusation here. Some families struggle to put their life savings into a home and don’t have anything left over for other investments. What you’re proposing is still going to place pressure on seniors to move lest they lose a lot of estate value. Basically I think you’ll find support for doing this go to rich who can afford it. But a blanket shift to liens on cash-poor seniors’ homes could end up disproportionately hurting the less fortunate.