[Scoundreller]

> It would solve a lot of problems if the elderly move to smaller houses and leave the bigger houses for families that need them.

A lot of places make that kind of swap uneconomical. From paying capital gains now instead of later, to loss of property tax increase exemptions to loss of property tax deferrals. Some places exempt gains on housing gains but not other gains (kinda a problem if you downsize and take a windfall)…

Many places ignore housing wealth when it comes to social assistance, but include everything else.

[tda]

yes, exactly. So that is why it is time to change the incentives / tax structure because there is a real housing crisis gling on for young families. Nearly everyone I know with a nice big house is over 65. And half of them are alone. On a personal level I understand amd sympathise with their choice not to downgrade to a smaller house. On a systemic level this is pretty ridiculous. Land value and property taxes should be raised significantly, whilst income taxws should be lowered. I still need to so more reading on Henry George, but I think this was a key part of Georgism