🚀 go-pugleaf

karish@pangea.Stanford.EDU (Chuck Karish) writes:

>It's my understanding that retired homeowners can stay in their
>homes through means like reverse-amortization mortgages and
>deferred tax payments.

	Though I do not disagree that Prop 13 might have go too far (I 
voted against it),  I really dislike the idea that people should give 
away their estates to the government to keep living in their homes.  In
effect it means that people are just tenants on the property and not
owners because they cannot pass the land to their children.  I challange
you to name a country where this has benefited anyone.   There have been a
number of articles and books that show that show that in countries like Mexico
where people cannot own property the result is environmental degradation, poor
economic performance, and many other woes.

-don
-- 
Don Steiny - steiny@steiny.com - http://steiny.com/steiny.html
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