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0 pointschadash3y ago0 comments

> You can always choose to live in a cheaper home.

So your 90 year old grandpa has been living in a two bedroom apartment on the lower east side for 65 years. When he moved in at age 25, it was considered a crummy but affordable neighborhood, but now it's expensive and desirable. You want a 90 year old to have to move? I agree that maybe a 65 year old couple no longer needs to be in a 3,000 square foot home, but there are a lot of cases that make this complicated.

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3 comments · 3 top-level

yellowapple3y ago

If Grandpa rents that apartment instead of owning it, he'd if anything stand to benefit (especially if we tax land value specifically and not the building).

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BlargMcLarg3y ago

Grandfathering until the chickens come to roost hasn't helped the vulnerable either, yet that same party largely consists of individuals proposing that solution to the vulnerable.

It's cruel, but that same cruelty is deemed acceptable towards 'have nots'.

vanilla_nut3y ago

Why does grandpa get to live in a two bedroom apartment in the LES during retirement when so many other people can't afford it despite working for a living?

If he owns, you'd think that he could sell the two bedroom and downgrade to a one bedroom to keep the monthly cost down. Or even a studio. But at some point it's an incredibly desirable, expensive neighborhood and I'm not sure anyone deserves the privilege to live where they want as long as they want.

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