this post was submitted on 16 Jan 2024
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Just sayin (mander.xyz)
submitted 10 months ago by fossilesque@mander.xyz to c/memes@lemmy.ml
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[–] rekabis@lemmy.ca 1 points 10 months ago* (last edited 10 months ago)

This would get messy with inheritances.

So make this an exception, on the condition that the child can be classified as an adult by the courts.

And if it’s someone under 25, there is a high likelihood that they’re still living at home and have already occupied the home for some time already. The passing of the parents would have triggered an insurance payout on the home (which is standard in Canada) so there wouldn’t be any kind of mortgage to continue paying, only property taxes. Remaining in the house would be achievable even with a minimum-wage job.

Also, would this apply to non residential rental properties?

My proposal targets only residential properties. Why would it have any effect on non-residential rentals? The entire purpose of that proposal is to deal with parasitism in the rental market, not anything else.