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SWBTATTReg

(24,146 posts)
5. LOC Line Of Credit (fyi for those didn't know what this stood for). Thanks Marthat48
Tue Feb 14, 2023, 05:35 PM
Feb 2023

for this information. Most of us in the senior bracket would not be able to afford another place should we sell or move from our primary residence (like you said, more and more people have to cram themselves into a place that has multiple family units living there, it would be the only way they would be able to afford the place).

One note, residences usually do have a limit of how many persons can live at a place. We have such an ordinance in the city of STLMO.

One thing about this issue, is that I feel that NIMBY (not in my back yard) is rearing its ugly head, where you'll see seniors in upscale neighborhoods unable to find affordable housing in neighborhoods that they may have lived in for decades (can't maintain their original home any longer so thus are downsizing). There was an article in DU some time ago (over a year or so ago) that went into some length on the issues that seniors faced when they downsize or lost their homes.

Latest Discussions»Region Forums»California»The fastest-growing homel...»Reply #5