Town Square

Post a New Topic

Seniors Series 2022: Challenges and opportunities for senior homebuyers

Original post made on Aug 17, 2022

Shifting real estate markets in the Bay Area and in Pleasanton and recent state legislation are creating opportunities for seniors who want to buy or sell a home. 'It's a good opportunity to sell,' says Bay East president Sheila Cunha.

Read the full story here Web Link posted Tuesday, August 16, 2022, 7:21 PM

Comments (1)

Posted by NickV
a resident of Danville
on Aug 17, 2022 at 9:20 am

NickV is a registered user.

So what if Prop 19 allows you to take your property tax base anywhere in California. As a senior who lives in Danville and looks to retire somewhere more affordable, big deal. Right? I mean, like most seniors who may wish to downsize and move elsewhere where housing is cheaper, what advantage is there in Prop 19 to downsize? Prop 19 assumes that many seniors must have purchased a home many, many years ago never to move and thus take THAT tax base. Sure, there are many who did and Prop 19 may be good for THEM. What about THE REST OF US that had to move here and there within the state with an ever increasing tax base? Sorry, we're out of the Prop 19 benny. On top of that, Prop 19 now disallows a senior family member to inherit a family home from a parent and inherit the tax base, as has been the case for many years. Now, as a senior inheriting a home, I'll have to pay property tax on an inherited home on the value over 1,000,000, which makes finances for seniors even more burdensome entering retirement. Prop 19 did not make it more affordable for many, many seniors like myself who wish to remain in California. Just say'n....


Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Post a comment

In order to encourage respectful and thoughtful discussion, commenting on stories is available to those who are registered users. If you are already a registered user and the commenting form is not below, you need to log in. If you are not registered, you can do so here.

Please make sure your comments are truthful, on-topic and do not disrespect another poster. Don't be snarky or belittling. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

See our announcement about requiring registration for commenting.

Stay informed.

Get the day's top headlines from DanvilleSanRamon.com sent to your inbox in the Express newsletter.

Palo Alto's bold proposal to jumpstart home electrification
By Sherry Listgarten | 23 comments | 5,555 views

How Much Time do You Spend Outdoors?
By Chandrama Anderson | 0 comments | 2,294 views

Collaboration center opens to foster new partnerships for lab and university
By Tim Hunt | 1 comment | 754 views

A picnic by Lake Chabot
By Monith Ilavarasan | 3 comments | 660 views