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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It is usually a pretty good set up for them, but IMO it's not quite 'ideal'. Small issues can become big challenges pretty quickly. There are usually still some stairs to deal with, and it usually necessitates a pretty high level of car dependency. One or both of those will become a big problem at some point, leading to more isolation/etc
But I completely understand there are strong reasons many are resistant to moving.
Quote:
Originally Posted by GGG
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.
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This is also called Georgism aka Land Value Tax. It would be a much better system; it's kinda dumb to tax more for improvements on land.