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Real Estate
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]Tom is welcome to his dad’s house and has a massive leg up because he didn’t have to pay for the house. Hes getting a better deal by having to pay a fraction of it in one time estate taxes, and then annually, should pay property taxes / maintenance / all the joys of home ownership. Tom can sell, to Bill, if he cant cough up the one time tax and he’d still be net positive. What is the issue here?[/quote] Again, the 'leg up' shouldn't factor. Maybe Tom has ALS and Bill will live to 95 in great health. Life ain't fair. [/quote] Um, isnt that all the more reason why if Tom wants, Tom with ALS should sell to Bill, get cash out of the house, and help support his life and ALS? I just do not understand why we should ignore the leg up and not treat it like a benefit. Im happy that Tom has this option- a lot of people in Tom’s position don’t have a beach house they could liquidate[/quote]
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