It’s a vicious circle, they’re paying out the nose in utilities or otherwise wasteful house design (likely). Some can modernize without triggering a tax update, but loopholes will always exist. Do they need the 1 million dollar house? It’s paid off most likely, since its generational, how most of the tax exemptions work. So it’s not even poverty, it’s a choice to live in that type of “means”.

Most of it is just attatchment. I don’t understand it myself, it’s a house, like a car, they’re meant to have specific uses and may need to change as you live your life. Why do I want a 4 bedroom house for just me and my wife? There’s not enough room for my kids families, and they’re gonna want they’re own place.

Moving to a senior home or a condo later in life just makes sense.