Reply to The median Boomer has a housing cost of $612. That includes taxes and insurance.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Imagine thinking it's fair to tax a beach house your grandfather worked and saved for for two decades simply so it puts pressure on the heirs to release it so some newcomer can have it.

This line of thought is insane.[/quote]

Clearly you have never taken a trust and estates or property law class. There is a public interest in not having all the wealth be concentrated and handed down continually to heirs. We’re not creating dynasties. The heirs will already have a leg up in inheriting a beach house in the first place. Why are we also giving them a leg up on taxes?[/quote]

My opinion is invalid because I disagree with a theory taught in a "trust and estates or property law class."?

OK!  :roll: [/quote]

I didn’t say it’s invalid. But you said that line of thinking is “insane.” And it’s actually not insane. It’s a line of thinking that forms the basis for many property-related policies in our country. You may disagree or not like it, but there’s actual logic behind disincentivizing properties staying in one family lineage indefinitely.[/quote]

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