Quick Facts and News Headlines

Could a tax incentive pry empty nesters from their oversize homes?

Kathleen Pender

One problem afflicting the Bay Area and other regions is that a growing percentage of people are “over-housed” or living in homes with unused bedrooms. This is largely because Baby Boomers make up a growing portion of the population and, like generations before them, can’t bear the stress of leaving a home full of memories and stuff.

“They’ll carry me out of here in a box,” is the answer many seniors give when asked about selling, said Justine Francis, an East Bay real estate agent who specializes in senior relocation.

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Print Date: 9/30/2022
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