As Americans' retirement nest eggs shrink, cost of retirement goes up

[gracchus]

@PsiPhiGrrrl

That - and renting out rooms in a house - are two favorite targets for zoning changes (from NIMBY and pro-business groups).

Necessity combined with demographics may force change on the NIMBYs. As I mentioned elsewhere:

@gracchus

the only reason that Boomer NIMBYs in California have suddenly relented on auxiliary dwelling units is that they finally collectively realised “holy crap, we priced our own age 30+ kids out of the housing market and they’re about to move out of state just when I need them to stay nearby.”

@Otherbrother

Prop 13 means you’ve got relatively certainty on what your property taxes will be for as long as you live there

And, of course, that the K-12 public schools will continue to be underfunded. But yes, if you’re old enough and fortunate enough to have won in the California housing casino and also burned the mortgage it’s true you have that certainty in terms of planning for retirement.