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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]I am a boomer my mortgage is $2,600 a month, homeowners $300 a month, taxes $1,200 a month, add in utilities and maint another $1,000 a month. $5,300 a month. My daughter had a two bedroom apt with roommate $1,200 a month. I work at a bank and a 70 year old boomer last week took out a 2 million dollar mortgage on a home! Paid off at 100. [/quote] Our property taxes and insurance are climbing but it's still cheaper to stay put than sell and pay capital gains to move into a smaller place. We have a special needs millennial who will always live with us and need to be near elderly relatives. If we win the lottery, we'll be happy to sell our dated home and move to a new one-story in a warm place. [/quote]
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