Their only real shot at staying housed without a bunch of other retired and poverty stricken roommates is to have already paid off a home. Their financial situation is very likely to never significantly improve again for the rest of their lives.
I dunno why you think old people who didn’t save enough for retirement should automatically get to live a good life by making the housing market worse for younger people. When you’re poor, life sucks, that’s how it is.
What’s the sense in forcing them out of their home
To free up housing stock and keep liquidity and supply in the housing market. To undo the crystallization we see in the market with old people clutching to their houses with all their might. To reduce the overwhelming cost of purchasing ones first home.
Sometimes, when you can’t afford something, you need to sell it and get a cheaper version. When that thing is a house, sometimes you need to move away. I see no reason why old people should be exempt from this.
I dunno why you think old people who didn’t save enough for retirement should automatically get to live a good life by making the housing market worse for younger people. When you’re poor, life sucks, that’s how it is.
To free up housing stock and keep liquidity and supply in the housing market. To undo the crystallization we see in the market with old people clutching to their houses with all their might. To reduce the overwhelming cost of purchasing ones first home.
Sometimes, when you can’t afford something, you need to sell it and get a cheaper version. When that thing is a house, sometimes you need to move away. I see no reason why old people should be exempt from this.