Earlier quoted context omitted.
Moving where? Why should people leave their homes that they built and paid for ..Human beings like their community and neighborhood where they have a support system. When you know your neighbour is just a phone call away next door, you don’t have to rely on doctors or nurses or ambulances or fire departments. As you get older, community is a great source of comfort and moral support. People won’t realize this until t…
They could literally move anywhere with that money and live like proverbial kings. But I’m not for or against prop 13, I was just saying. My friends parents retired and moved to Portugal. Best move they could ever make, they’re happy, well settled, etc..
how is this different from someone telling an accented immigrant to 'go back home'?
many retired folks want to stay with their families and grandchildren. finally enjoy their communities after decades of working and paying off bills and mortgages. perhaps some would want to cash out, but many simply do not because they have been fairly successful in the bay area and dont need the extra money, but they are not literal millionaires with liquidity.
30 something year olds after less than a couple of years in a stable job and having another thirty years of earning potential asking people who have a couple of decades left in their lives to uproot themselves.
it is even more bizzare when the suggestion is to take reverse morgages to pay more taxes and supporting the repealing of prop 13. thats like saying that having a $5000 credit card limit is like having $5000 in the bank. reverse mortgages are literally betting on the fact that the person holding it would die eventually. that's someone's inheritance..legacy...a house they built and memories. most importantly, its their property.
there is a vulture like quality to young people in silicon valley's tech sector..those who hover around retiree's homes hoping they'd either sell and leave or find taxes unbearable and sell.
if someone cant afford housing, it means they have to take it up with their employer. if there isnt enough housing, move. take another job. convince your employee to build better cities. its not coveting someone's properties or wishing that they will 'move away'.
this is not an emotional appeal to be 'nice' to seniors. its just absolute shock at the helplessness of a workforce that is supposed to define bay area to come up with creative solutions and their impotence when it comes to creating change with their local governments.
what this shows is that the current working class generation has no influence, no clout, no real wealth, no creativity, no grit to challenge government or authority. most shocking of all, they are cutting off their noses to spite the face by asking for more taxes to be collected and to be delivered to a bloated state govt that has a terrible record with managing public funds, delivering results, being transparent and accountable.
Guaranteed almost 40-50% of these are jobs are going to disappear in the next decade. Guaranteed. what then? what would happen when automation displaces workers/employees and incomes dry up? this is how ghost town are born. while sf bay area is not there yet, it will be a whole different world.