Comments by "" (@commonsense6967) on "WORRIED Home Sellers In SHOCK Over Unsold Homes" video.
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Michael, I'm a boomer, and the only reason I want to have my kids inherit my house(s) is because of the tax burden if I don't. Capital gains on both my house and rental property would be due, in my case, if I sell during my lifetime. If they inherit them after my death, there are no taxes due! To the kids, or to my estate! (I'm in FL.) And here's a potential "fix" for high insurance rates: self-insurance. Of course, you must own your home, no mortgage, to do that. After 34 years in the same house, and never once needing to file an insurance claim, it's not a bad solution.
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