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796

The mortality cliff is here and it's only getting started.

Archive: https://archive.today/1Ocmi

From the post:

>In “The Game of Life,” landing on the “Inherit a House” square is one of the most coveted on the board. In real life, a home or condo is also one of the greatest financial gifts that can be passed on, especially in a housing-strapped state like Colorado. More Coloradans are seeing the big wheel spin in their favor each year. But the pace won’t be enough to make up for a housing shortfall estimated at more than 106,000 units in 2023, according to a report from the Colorado Department of Local Affairs. About one in eight homes that traded hands in Colorado last year represented an inheritance, which is a little below the share that new home sales represented, according to data from the real estate research firm Cotality.

The mortality cliff is here and it's only getting started. Archive: https://archive.today/1Ocmi From the post: >>In “The Game of Life,” landing on the “Inherit a House” square is one of the most coveted on the board. In real life, a home or condo is also one of the greatest financial gifts that can be passed on, especially in a housing-strapped state like Colorado. More Coloradans are seeing the big wheel spin in their favor each year. But the pace won’t be enough to make up for a housing shortfall estimated at more than 106,000 units in 2023, according to a report from the Colorado Department of Local Affairs. About one in eight homes that traded hands in Colorado last year represented an inheritance, which is a little below the share that new home sales represented, according to data from the real estate research firm Cotality.
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[–] • 1 pt

Is there a death tax in Colorado? There isn't in Texas, and they voted that into the state constitution last round. As for the IRS there still is like a what, 12m not taxable?

[–] • 1 pt

Most states still have the "death tax" and even federal claims they don't but to a small degree they do but it is at a amount higher than XXXX. I don't remember the number but they still try to fuck you if your family has "generational" anything.

[–] • 1 pt

At least Texas fixed that last Nov.