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Real Estate
Reply to "The median Boomer has a housing cost of $612. That includes taxes and insurance. "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If it was economically feasible for them to downsize, more would have been doing it. They face the same constraints the rest of us do if they try to downsize. Limited availability of small houses, hassle of selling / buying, and the price difference between their large “as is” sale and a small dwelling in same area doesn’t make financial sense for them. It’s the lack of housing options that keeps them in place.[/quote] Oh they have options….they just don’t want to pay for it. Don’t want to pay capital gains on home sale. Don’t want to pay more for less square footage, despite being newly renovated or in a better location. Boomers want Big. [/quote] You’re kind of reinforcing my point. It doesn’t make financial sense for them to do it.[/quote]
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