[magnetix]

>If you have a job that pays $100,000 and the taxes on your $250,000 house is $7,500 (3% property tax) and the tax quadruples to $30,000 in five years; why would you want the market fluctuations to be able to force an individual to leave their house?

A simple solution (for the elderly at least) would be to roll up all the debt until death, payable by the estate.

[thrownaway2424]

That's exactly what people did before Prop 13. The idea that granny was getting tossed out on her ear by the tax collector wasn't ever literally true.

[ceejayoz]

> A simple solution (for the elderly at least) would be to roll up all the debt until death, payable by the estate.

Simple until the next housing crisis.