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102 sats \ 1 reply \ @byzantine 11h \ parent \ on: There are now more homebuyers over age 70 than under 35 - Unusual Whales Construction_and_Engineering
also increasingly common is under priced renting to children and then when the parent dies they gift the house to their renting heirs. helps the next generation live in a nice neighborhood and parents get the tax depreciation of the house to offset other forced withdrawals of 401k dollars
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0 sats \ 0 replies \ @Scoresby OP 4h
I thought the gift tax exemption was lower than that. Does make sense how older folks could be buying houses for their kids to live in.
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