A worrying trend as suburbs are not great for the elderly, who I think do much better in cities, with easy access to transit, walkable stores, etc.
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It’s a conundrum.
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Prop 13, making sure yesterday's parents stay in their empty nests while new families drive around for hours and hours...
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I don’t know how we solve this as long as Prop 13 remains on the books. I grew up in a high property tax school district in NY, and lots of families sold their houses as soon as the last kid graduated
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I grew up in Danville, but live in SoCal. I visited my parents last week, how do young families buy in? My parents modest home is worth 5x what they paid in 1985, now out of reach of all but stratospheric incomes.
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The answer is you don't. People moving out of Bay Area in droves because its not affordable and those with the net worth to afford it are smart enough to realize it isn't worth the price.
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My elderly neighbors across the street insn East Bay suburb sold & moved to smaller digs farther out. Their family-sized house was snapped up by investors and has been vacant ever since. This problem is bigger than telling the olds to move...
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True! Weird that it’s been vacant. For how long?
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Given difficulty of an adult to live in Silicon Valley w/o a high-paying job, substantial savings or pre-existing property, families will continue to decline and so will the fabric of the communities. NIMBY’s who resisted growth, density, progress will see their own kids flee.
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Not will see, “are seeing.” Just visit any Christmas Mass in Los Altos, Atherton, Menlo Park, or Saratoga.
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