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Reply to "Did anyone become a first time homeowner over 40?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Where are you going to live in retirement? Buy a house[/quote] You know many, many seniors live in rental apartments, right? RIGHT? Surely you must know this. [/quote] I do. I looked for MOCO and just as I expected “Due to long waiting lists for public housing, HOC’s list is not accepting new applicants.” Millennials are a huge generation the size of boomers, they and gen x will likely already have all the units. A house gives you security and doesn’t throw away rents you can leave to your kids Op[/quote] I had been responding to someone who was suggesting you'd have NOWHERE to retire if you didn't own. Of course it has security and other benefits, but that's unavailable to A WHOLE LOT of people.[/quote]
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