Quote:
Originally Posted by accord1999
But in many cases, the modest bungalow on a large lot in an older community is owned by a senior. That type of housing is already ideal for them, with easy single floor living, usable yards and good location. There's no incentive or for them to move away, especially when there is nothing as good new. With the density requirements and lot dimensions in new communities, new build bungalows have become extremely rare (and premium). With the house paid off, the owners can afford to stay as long as their healthy.
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In my very unpopular opinion houses like this should be taxed on best use for property value so would be taxed as two infills rather than one small bungalow. This provides the incentive to move.