Comment by ifyoubuildit
21 hours ago
"Mostly there are just pearl clutchers complaining about how elderly cash poor people sitting in large old houses on expensive land they've lived in for 20 years would be financially nudged into downgrading"
I wonder if you wouldn't be clutching your pearls if you were being forced (sorry, "financially nudged") out of your home of 20 years?
These cash poor elderly folks aren't exactly "oligarchic".
They can move somewhere cheaper? And then the high value land can be used more productively (e.g. higher density occupancy).
“Beat it, grandma! We have better ideas on how to use the land and house you raised a family in!” is unlikely to be a winning campaign platform. (Thankfully.)
What a lot of jurisdiction do to deal with this situation is to allow elderly folks to accrue what is essentially a lien on their house for the property taxes going up more than a certain amount.
This way these folks don't have to pay much more than before, can stay in their house and the county gets its share when these people die or move out.