And of course, this provides FURTHER erosion to the tax base

How can someone of(or close to) retirement age find other employment quickly. Remember, the economy around here is ALREADY depressed, with able-bodied skilled workers having trouble finding jobs. So now there’s going to be a whole NEW group of people who can’t afford their mortgages, or maybe can’t even afford property taxed of paid off homes. So the city loses again. this place is going to end up a ghost town… 🙁