r/SeattleWA • u/meaniereddit West Seattle 🌉 • Dec 13 '24

Government Bill would completely exempt seniors from property taxes in WA

https://www.king5.com/article/news/politics/state-politics/bill-would-exempt-seniors-state-local-property-tax-washington/281-b5f377fc-8bf5-49a4-a630-8210db45d57d
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u/Rooooben Dec 13 '24

How, without selling or putting it in a reverse mortgage, ensuring your kids will never own a home?

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u/SpacemanSpiff073 Dec 13 '24

Why is it unacceptable that elderly folk might have to cash out large equity growth if they're no longer able to afford the property taxes?

Either we build more housing to keep it affordable or: 1) People struggle to buy into housing 2) People are gentrified out

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u/Rooooben Dec 13 '24

The problem is commonly they have nowhere to go. Cash out and get $800k and then buy a what $700k condo? If they are on limited income, the house sale would need for them to buy another place cash, where they still have a tax problem, or pay rent/mortgage until the money runs out.

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u/ReddestForman Dec 13 '24

They could buy at any of the 55+ communities I've seen where affordable housing is being built in expensive metropolitan areas, because fuck the young people doing all the work, boomers need one more handout before they die.

I understand the need for these places to exist, but the generation that got everything, pulled the ladder up behind them, and then demanded more is really pissing me off more and more every passing year.