[quote=briansd1]Bearishgurl, those seniors have houses paid for free and clear, so what are they complaining about? They can make believe
the bubble never happened. They’ll be in a better world anyway.
The kids who inherit the houses should be thankful.[/quote]
brian, reread my post. No one is “complaining” here. I have a concern that due to the very advanced age of some of my neighbors, that their homes may have to be sold in the next two years (or turned into rentals, which is preferable right now) for a variety of reasons. They are very charming, well-built homes but most are smallish and dated with wall heaters and sash windows. The vast majority of the survivors of the “greatest generation” don’t give a whit about these things.
If their children/heirs do not live in this county and will not return, they will likely just dump these properties on the market “as is” when they or the owners’ estate takes possession because they have nothing to lose except the “Prop 13” tax treatment. All will likely sell for $250K to $285K. This doesn’t bode well for the asking price I want so I would prefer all this happens AFTER I wish to sell and move … not before.
Of course, we can’t control these things, lol …. I’m always free to rent my property and go (instead of sell), as well. The $400-500 mo probable positive cash flow will come in handy as I wait for a “better day.”
