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by jjav 960 days ago
> The share of millenials and genzers who are financially fit to even purchase a home are going to be far less than the amount of people who are dying.

I don't understand this sentence.

The number of houses that get sold or transferred to living people is of course exactly the same as the number of houses vacated by people who died. It can't be anything else since houses don't evaporate when the owner dies.

1 comments

Just because you die doesn't mean your house is paid off or you don't have some kind of reverse mortgage on it.

Just the yearly taxes on my home would be a significant burden to many.

> Just because you die doesn't mean your house is paid off or you don't have some kind of reverse mortgage on it.

That doesn't change anything with respect to the existence of the house. Someone might take a loss (the heir or a bank) but no matter, the house continues to exist and someone else will end up owning it.

> Just the yearly taxes on my home would be a significant burden to many.

If nobody can afford it that just means the price (and thus tax) will drop until someone can.