Reply to The median Boomer has a housing cost of $612. That includes taxes and insurance.

Forum Index » Real Estate

Reply to "The median Boomer has a housing cost of $612. That includes taxes and insurance. "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]I can’t read all the comments but I bloody well hope that all these retirees have paid off their mortgages.  Isnt the median Boomer now something like 70 years old?  They better be paying almost nothing for housing — they have no income!  And all old people say they will never move.  Once they break a hip or have a stroke, they move.  But everyone hopes to die in their house — don’t you?

Besides, trust me, OP, you do not want the median house that the median boomer is living in.  The house I grew up in, which was built in the 1960/ and never renovated, we sold in the early 1980s.  The purchaser, likely an older boomer, is still living there 42 years later!  It is a depressed town with no industry and I’m sure they haven’t renovated it.  There are a lot of boomers living in utter crap locations with utter crap houses like that.

I feel like most of these posts about boomers are of the “water is wet” variety.  Yes, most elderly people have paid off their mortgages.  Yes, most elderly people have unrealistic expectations about aging in place.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics