or when they have no one to sell their suburban house to in the next decade & end up selling for a loss
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I really wonder if and when this will happen. At what point does exclusivity impact desirability?
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Then the kids can inherit the Prop 13 assessment, ensuring neighbourhood residence is strictly heritable, like an entailed feudal estate.
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On flip-side, without prop 13, kids won't be able to afford property taxes on homes inherited from parents and will be gentrified out.
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Way too cozy!
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Exactly! If you want to see your grandkids more than once a year, let them build.
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And maybe think twice about giving your kids the decisions in your Advance Health Care Directive...
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