3 ms·
> This argument was also a lie. Huh? Your argument doesn’t debunk it. Your scheme doesn’t solve the problem, it just delays it. A person who utilizes your sche
by marcusverus 3y ago
> This argument was also a lie.
Huh? Your argument doesn’t debunk it. Your scheme doesn’t solve the problem, it just delays it. A person who utilizes your scheme has only secured their position temporarily by taking out a loan that they can’t possibly repay. When the cash is gone, they’re still going to have to move, and now they’ve been saddled with debt.
- rcpt 3y ago> Your scheme doesn’t solve the problem, it just delays it Until we have a way to make homeowners immortal I think a temporary fix is just fine.
- drewcoo 3y agoSure, and it's ok for Tom Selleck to con seniors into reverse mortgages, too, because "now."
- rcpt 3y agoI'm not sure what you're trying to say. But there is a targeted program for low income seniors, the California Tax Postponement Program. It's been on the books since 1977. Many states have similar laws, eg. the NJ senior freeze. Prop 13 is wholly unnecessary.