[librish]

Yes that's the idea? They get to live out the rest of their years, and then their heirs pay the deferred taxes, selling the house if needed.

[eropple]

This is a bad situation if you want long-term neighborhood and cultural cohesion, though, because it encourages turnover (particularly among less affluent groups).

[refurb]

I mean if people can defer taxes until they die you’re not increasing turnover at all.

[eropple]

There's value to generational continuity, though--again, particularly for marginalized communities. One of the ways gentrification makes its way in is during these kinds of estate liquidations. I think it's reasonable to assert that there's value in not fracturing those communities any more than is necessary.

[refurb]

Marginalized communities that have seen home values skyrocket?

Honestly I have trouble summoning up much pity for people whose face a property tax burden because their homes have doubled or tripled in value.

[eropple]

> Marginalized communities that have seen home values skyrocket?

Illiquid property value isn't the same thing as having money, so...yes?

I mean, if you want every neighborhood in every urban area to be tech and finance bros, maybe this is a good idea, but most people would disagree with the premise you're pushing.

[refurb]

Property value isn’t illiquid.