Jessica

[Jessica @Jessica_FNC]

@CitizenAmedia Some of them can be quite large and accommodate holiday dinners etc. But are designed to age in place with first floor bedrooms/full baths etc and other accommodations.

[Jessica @Jessica_FNC]

@CitizenAmedia Some may move back to “starter homes” but there’s a whole segment of the housing industry dedicated to this age demographic. Entire neighborhoods that entire generations aren’t allowed to buy in because of their age. Clearly some people are buying them or they wouldn’t build them

[Jessica @Jessica_FNC]

@jaqui4 @yvka8kqago Don’t disagree but it happens. No clue how the realtor allowed this but went to an open house where the owner was present. Followed us around and told us about the house. Then told us they were selling to fund their retirement in Florida.

[Jessica @Jessica_FNC]

@pentamom65 @MariajoseHdlg @MrsCMFrancis Clearly somebody does if the whole discussion is about getting rid of them for certain groups of people? Why have any taxes in the first place?

[Jessica @Jessica_FNC]

@jaqui4 @yvka8kqago Indeed. It’s a perpetual catch 22. Say they do come down to whatever is deemed normal levels. What happens to people banking on house value being an investment to fund their later years? That suddenly goes poof and they have to depend on SS and whatever retirement they do have?

[Jessica @Jessica_FNC]

@jaqui4 @yvka8kqago That is the real question now isn’t it. Who will buy it. Many bank on that artificial value to fund their retirements. That’s why we’re seeing 2021 prices in 2026. Say they don’t sell and maybe kids inherit instead. What happens when they can’t afford the taxes either?

[Jessica @Jessica_FNC]

@pentamom65 @MariajoseHdlg @MrsCMFrancis If the current taxes are not too high then why do they have a problem affording them?

[Jessica @Jessica_FNC]

@jaqui4 @yvka8kqago If the values are so artificially inflated they should be able to sell and make a nice profit to cover something they can afford right?

[Jessica @Jessica_FNC]

@MariajoseHdlg @MrsCMFrancis But why do they need to buy a new house? Why not rent something more manageable? If property taxes are too high on the paid off house and too high on a downsized new house, what options are left?

[Jessica @Jessica_FNC]

@ashleyschendel Most of the rest of us on W2 salaries also live on fixed incomes and pay higher for everything too? You can argue about not being priced out or not but whenever they do go to sell they suddenly think the house is actually worth what the property tax says or more.

[Jessica @Jessica_FNC]

@Lee_in_Iowa No one is saying it is. The average age of first time homebuyers is late 30s-early 40s. Not sure how it’s so hard to understand that millennial is not code for young people.

[Jessica @Jessica_FNC]

@67lorilea @gregsma42069 @cityaestheticss That’s exactly what I did. But not everyone has the ability to do that. In the area I left, any house that looked like the left side was sold and rebuilt to look like the right side.

[Jessica @Jessica_FNC]

@67lorilea @gregsma42069 @cityaestheticss No one is entitled to anything. But in certain geographic areas when entire generations can’t or won’t move sometimes the house on the right is the only choice available.

[Jessica @Jessica_FNC]

@ChrisMartin1961 Because working 45-60 hours/week often does not yield the same results as it did 30 years ago. Yet a lot of that generation still thinks it does.

[Jessica @Jessica_FNC]

@Simon_Ingari 100% Sarah was an eldest daughter. Holding everything together because if she didn’t no one else would.

[Jessica @Jessica_FNC]

@SCDC87 @InlandCaGuy I just looked in Arlington recently for fun recently. There’s 1 SFH for just under $500k. Gutted down to the studs. Sorry if you wanted walls or doors. 🤷🏻‍♀️

[Jessica @Jessica_FNC]

@MaxDugganMax @fawfulfan Some boomers are rather contradictory about this. No new construction b/c younger ppl need to find a fixer upper like they did in a less desirable area. But they eventually need someone buy their house to fund their retirements at top dollar. But top dollar means desirable area.

[Jessica @Jessica_FNC]

@_Old_Jack @uncledoomer I used to live in a VHCOL area. Checked recently and there’s exactly 1 SFH currently for sale under $500k. It is torn down to the studs. Sorry if younger generations would like things like walls and doors…

[Jessica @Jessica_FNC]

@SteveSkojec It’s an interesting discussion and thank you for being open to hear it. The volume of response is because millennials are tired of older ppl thinking it means young & dumb who doesn’t know anything about the world. Yet many have mortgages, childcare issues, eldercare issues, etc.