i'm leaving everything to kids. if she needs help it's up to them
this post was submitted on 18 Apr 2026
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I see the issue here less as "the kids get nothing" and more a concern at where they money ends up.
Houses get massively inflated over time.. Older parents sell, but the money all ends up at some retirement home. Retirement homes are owned by a bunch of hedge funds and/or rich folk. Staff at these places often aren't paid particularly well either.
The end result is still higher prices for everyone else, while the rich folk get richer as everything rises into unaffordabilty.
I also see it as a problem of the economy. Their kid, will never be able to afford that house. He will never be able to live in a house like that again. He also got royally screwed.
Home ownership is a luxury. Reality is being stuck renting. Renting is preventing upwards mobility.
Hence why being able to bankrupt two casinos is quite the achievement.
3 casinos actually and either 5 or 6 bankruptcies between them.
Neither of my parents have any kind of savings at all, they basically only ever made enough to get by. My mom gets a very meager stipend from being a teacher. They both retired this past year and are drawing social security. It's already really tight for them. I know when they get older I'm gonna have to sell their houses to make sure they have enough money to live on and the medical care they deserve. No idea where they will live at that point. Isn't America great? Work hard your whole life to struggle to make it when you're too old to work...
I live with my parent, Iv not had much luck in life job wise so I work min wage job and help my parents so they never end up in a home. Thankfully my girlfriend understand why I'm doing this so I don't have to stress about that.
I’m in the process of doing this for my teacher mother with dementia. It’s a fucking nightmare.
Will have to do the same in a couple of years. Both parents are retired but my dad got cancer about 10 years before his retirement, so he basically didn't have an income during that time. They are now unable to move since they are both too old, so it's going to be me and my brother handling that when the time comes.
Id just count my blessings that my parents can take care of themselves in retirement and beyond and not have to count on family to come in and take care of them, which is an unfortunate truth for a lot of families in the states.
I dont expect shit, and it almost seems morally bankrupt to expect a generational handout. You get something or you dont, thats life.
I agree with your point with the corollary that if they make that choice, they had better not come knocking on my door if they run into trouble.
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Don't worry. The insurance companies and doctors will get the rest anyways. We have a whole system of parasites to make sure that no generational wealth gets passed along.
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We really gotta implement a land value tax.
An important thing to consider if we have any chance at shifting the trajectory of shelter insecurity (abolishing property would be better but we can do taxes way more easily). One thing I'd be worried about is any elderly people who wouldn't be able to afford to pay the property tax to live in their own home. This happens all the time already, and god knows most of them don't live in a place where property tax raises proportionately to the land value, and we should consider why that's a problem.
The elderly are already in a massive blindspot in popular pro-socialized healthcare discourses, and even "developed" healthcare systems struggle to find support and housing for people as they age. If we start using these sorts of indirect eviction tactics as a means of transferring wealth to the younger middle class via affordable property ownership, many of those people will straight up be displaced into deadly living conditions. I can imagine how this sort of system would make us more vulnerable to the state as we ourselves aged.
Policies like these could easily be used to divert attention from other socialized programs and services that could be improved in a way that generates greater material security more generally, but whose effects would be less immediately apparent to the kinds of people who could even afford an inexpensive house.
Add the tax but use some of the money to build a shit ton of government housing like the UK did after WWII. Their housing problems only started after they stopped building subsidized housing and started relying on the market (lots of other factors, too, but there is a strong correlation on the timing here).
Yes, that is what I'm saying. When I say that this idea of a property tax that is oriented toward increased property value exclusively runs the risk of satisfying more affluent young middle-class people who are really just expressing aggrieved entitlement to the way of life that their parents and grandparents enjoyed.
A common liberal tactic to disarm broader wealth distribution and social welfare movements is to satiate an element of their criticisms for a substantially powerful group within that movement. Think about how the New Deal disproportionately benefitted white labourers and effectively dissuaded broader socialist and anticapitalist sentiments that had grown in the previous decades, or how queer marriage rights afforded security to property-owning gay men who are now the most conservative-voting queer demographic.
That there is such a risk of victimizing vulnerable elderly people, a group that has BTW been increasingly devalued since COVID started, means that if this policy satisfies enough voters specifically -- which is to say suburbanites -- it could effectively disarm the accompanying reforms that recognize the interlinked issues of shelter unaffordability and insecurity, healthcare services, education, and food insecurity while simultaneously normalizing policies that disproportionately harm specific groups. Programs exactly like what you referenced here were eroded by those same means, and the luxury of suburban home ownership itself was an immenseley effective tactic in disarming labour unions in the mid-twentieth-century US.
I agree that the elderly are often overlooked in this discussion since so much of the housing discourse revolves around boomers that own property and outright dismissing the fact that a large contingent of them are rolling right into infirmity with just about no retirement.
I think nursing homes are going to have to function differently in the coming years to accommodate this, and it's not going to be easy. Breaking apart the current health"care" bureaucracy will free up a lot of medical staff to practice actual medicine rather than just push insurance paperwork, but the lack of people overall will require leveraging of technology to fill the gap. Technology that is currently being used to burn up our aging infrastructure for the benefit of the Epstein class.
The next few years are going to be filled with grueling work just to ensure we don't have collapse of social order.
I inherited a house, and it is ruining me. I say bullet dodged.
My mother owns a house and I'd be fucked if I inherited it. Just the property taxes, insurance and utility bills for it come to over $30K a year which is more than I even make (before income tax) as a school bus driver. Selling it would require a lot of repairs first which I couldn't afford. In theory you can sell the house for its book value less the cost of these repairs, but in my township you're legally required to fix some things before a sale can even be approved (e.g. replacement of the entire sewer line out to the street). I could maybe rent it, but typical rents here would barely cover the expenses even assuming the tenant doesn't trash the place.
I'd mortgage part of it to repair it, then sell. That way you'd walk out with the rest of the money.
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I keep reading about how the boomers are going to be the biggest wealth transfer in history when they die, but all I’m hearing about in practice is boomers selling their assets and spending the money.
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