The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Cali Boomers "can't afford" to sell their houses
Poast new message in this thread
Date: April 8th, 2026 2:24 PM Author: Buy your next house instantly with Zellow! https://www.sfgate.com/california/article/gains-taxes-california-housing-22183896.php
A lot of the ranting about Boomers on here is misplaced but this one I get. If it was just raw greed that would be one thing. But it's not. It's the cluelessness borne of growing up in a time of great prosperity and strong community, leading to catastrophic effects for others. And it's the panhandling for sympathy from a position of good fortune. |
 |
Date: April 9th, 2026 8:19 AM Author: Fucking Fuckface It's cluelessness, huh? My god are you a rube (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49806049) |
Date: April 8th, 2026 2:24 PM Author: Surfeando las estrellas (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804233) |
|
Date: April 8th, 2026 2:25 PM Author: Surfeando las estrellas "It's the cluelessness borne of growing up in a time of great prosperity and strong community, leading to catastrophic effects for others."
!!!!!!!!!!!!!!!!!!!!!!!!!!!! |
|
Date: April 8th, 2026 2:53 PM Author: Wait two weeks good times... make... weak men? (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804375) |
|
Date: April 8th, 2026 2:56 PM Author: Surfeando las estrellas (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804390) |
|
Date: April 9th, 2026 8:13 AM Author: cowgod It’s a little bit deeper than prosperity. The 80s were Prosperous. 21st century is Prosperous if you ace OCI. Also, in the boomers’ day, Countertops were hideous.
The thing that they’re clueless about is RACE and how immigration and Offshoring (and Jewish feminism) made us Poorer. As I always say, every time “generations” come up we are implicitly talking about whites only. Indian millennials whose parents immigrated in the 60s-70s never complain about Indian parents being here in a Time of Prosperity and not understanding things are Ruined now. Think about it. That’s basically never happened. The generational story in America is about the country being Ruined by URMs/ORMs/Jews. The actual economic stats I can find make it seem like awesome $80000k pickup trucks are in reach….. for Mexican HVAC guys. |
|
Date: April 8th, 2026 2:25 PM Author: Surfeando las estrellas "And it's the panhandling for sympathy from a position of good fortune."
Boomers are 180 |
|
Date: April 8th, 2026 2:40 PM Author: Buy your next house instantly with Zellow! (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804299) |
|
Date: April 8th, 2026 2:51 PM Author: Surfeando las estrellas (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804367) |
|
Date: April 8th, 2026 2:41 PM Author: Paralegal Marandi (Death, death to the IDF!) "And it's the panhandling for sympathy from a position of good fortune" tp (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804308) |
|
Date: April 8th, 2026 2:41 PM Author: Surfeando las estrellas (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804312) |
|
Date: April 8th, 2026 2:46 PM Author: some on social media This is what 1031 exchanges are for (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804329) |
|
Date: April 8th, 2026 2:47 PM Author: Surfeando las estrellas The keeping the old house's tax basis thing? I'm unironically retarded btw but that seems to be the primary One Weird Trick I've seen with house rich but cash poor Boomers in SoCal (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804336) |
|
Date: April 8th, 2026 2:54 PM Author: t.rick o'treat panama yes and no, you keep the original house tax base, but still pay additional property tax on the DIFFERENCE in market value
e.g. purchase home for 500k
sell home for 1m and buy new home for 1.5m
transfer 500k + 500k, new tax basis is 1m
we kept our san jose home (650k purchase price, 1.5m market value) as a rental as it's the only way we'd be able to afford to move back to ca in the future. either we move back to that home, or 55+ we can sell it and buy a new home and transfer the tax basis
unfortunately, from a retirement perspective, ca feels risky from an income tax perspective and potential 'wealth/inheritance' tax |
|
Date: April 8th, 2026 2:55 PM Author: Surfeando las estrellas (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804388) |
|
Date: April 8th, 2026 2:54 PM Author: botched labiaplasty ((zurich is stained)) boomers are trash. none of the ranting about them is misplaced. if anything, it's not enough. (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804381) |
|
Date: April 8th, 2026 2:55 PM Author: fartman these boomers are eventually going to start dying in droves. that should balance out shit with the housing market unless black rock type faggot or the CCP doesn't just swoop in and buy up everything, which they probably will. (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804384) |
|
Date: April 8th, 2026 3:42 PM Author: The Absolute State of the Strait ( ) lol they still have a good 20-30 years. People don’t just “die in droves”. (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804539) |
|
Date: April 8th, 2026 3:50 PM Author: .,.,...,..,.,..:,,:,......,;:.,.:..:.,:,::,. COVID was supposed to do that but Boomers forced shutdowns and vaccines (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804560) |
|
Date: April 8th, 2026 4:02 PM Author: ""''"'"'"'"'' all that equity will be given to the Boomers 2.5 kids, and in turn, to their 1.0 gay grandkids, so its not like this money will benefit anyone outside that family cohort. And you honestly dont believe those 2.5 kids are going to sell mom and dads boomer bungalow for less that as much as fucking possible, do you? Or maybe one of the 2.5 will live in it for a while, a few decades depriving Blackrock one less renter to exploit. (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804607) |
|
Date: April 8th, 2026 4:19 PM Author: fartman their kids don't want the shitty boomer houses they grew up in. they will just sell them for whatever they can get and cash out. (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804631) |
|
Date: April 8th, 2026 2:56 PM Author: Darnell the article mentions straighforward ways around this like renting to family, renting + 1031, and death + stepped up basis.
it's also more annoying but the ladder approach of moving every 5-15 years to cash in on 500k in tax free gains each time can work too
it's 95% a psychological barrier |
|
Date: April 8th, 2026 2:57 PM Author: Cletus Van Damme imagine how faggot of a boomer you have to be to not have sold/bought/refinanced at 2.x% during covid. (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804393) |
|
Date: April 8th, 2026 3:28 PM Author: fartman the boomers in the article all bought in the 1990s and probably had barely any mortgage left in 2020. they're mad bc the houses they bought for $300K that are now worth $2.5M they'd have to pay taxes and shit on if they ever sold them. (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804506) |
|
Date: April 8th, 2026 3:29 PM Author: Surfeando las estrellas (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804513) |
|
Date: April 8th, 2026 3:33 PM Author: Cletus Van Damme k but the point still stands (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804527) |
|
Date: April 8th, 2026 9:43 PM Author: fartman they would still be bitching even if they did refi (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49805494) |
|
Date: April 8th, 2026 3:30 PM Author: The Absolute State of the Strait ( ) Boomers didn’t have “strong community” you fucking retard. (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804517) |
|
Date: April 8th, 2026 3:43 PM Author: Judas Jones Are you happy Trumpers? Is this what you voted for? (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49804540) |
|
Date: April 8th, 2026 3:44 PM Author: sealclubber californians bitching about high taxes. hmmm. |
|
Date: April 9th, 2026 6:23 AM Author: TurboGrafx-67 What is the point of this article?
Selling the house just to move residence is probably net negative even without capital gains tax
"For example, if a California home was purchased for $500,000 and sells for $4 million today, that homeowner would likely owe around $1 million in taxes"
Now imagine the taxes owed on $3.5 million income in 1 year
Also this cuts worse the other way and makes the housing market less favorable to buyers than old sellers from lower inventory and higher demand for shittier overpriced new constructions
Is the author suggesting to eliminate any capital gains tax on primary residence? I seriously don't understand the point of this
|
|
Date: April 9th, 2026 8:23 AM Author: Fucking Fuckface It seems like an apology tour in favor of boomers to cover up for their insatiable greed and destruction of society (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49806053) |
|
Date: April 9th, 2026 8:21 AM Author: luke the drifter (definite and ineradicable gauge of its upward moving) I am lucky. Moved into my house in 2023, have lost $100k in equity. It’d take us 100 years to ever get close to making $500k off our house. No cap gains taxes or 1031 exchanges for us! (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49806050) |
|
Date: April 9th, 2026 8:30 AM Author: luiskandarnameh (🧐) Oh no I have to pay taxes after my 300k house sells for 2 million! (http://www.autoadmit.com/thread.php?thread_id=5855071&forum_id=2most#49806066) |