Comment by duelingjello

Maybe your parents didn’t teach you empathy when you were growing up, as is so prevalent these days. There are millions of retired people on fixed incomes who bought their homes when they were normally priced. For example, my grandparents bought a house in Los Gatos for $30k in 1969 and now it’s priced at $1.4M. Is that their fault? Why should elderly people, who cannot take the stress of being uprooted and moving, be forced to sell their homes and lose their balance sheet savings in the process? If anything, discounts on capital gains and property taxes should be based on both income and balance sheet apart from real estate ownership. What if that were you?