Hacker News Reader

You'll make more money when you downsize or move to a cheaper city or country for retirement if your house goes up in price. If you own a house in San Francisco you can sell, move to a vlcol city, buy a new house, invest the remainder, and retire. You probably will want a smaller house once the kids move out too.

View on HN

> move to a cheaper city or country for retirement if your house goes up in price

What kind of life experience would lead to such a conclusion? It's almost like you have no idea what a community is - with one's friends, neighbors, familiar shops, clubs, church etc. Money is not everything in life. Any policy which forces people in their late 60's to uproot and go somewhere else to rebuild their lives is bound to face a very angry backlash. A mindset like yours is why we got prop 13 here in California.

Reply on news.ycombinator.com