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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]Boomers bought trade up homes in middle age so mortgages will go to their 70s and 80s [/quote] Not just Boomers. We are Gen X and moved when we were 44 and 47 - left the city and bad schools and moved to the suburbs. With a 2.625% mortgage, it's hard to justify paying it off. But when we retire, I may do it - the no-debt mantra is very strong, even though I know it wouldn't be the right thing to do. Or, we may just sell, and pay cash for 2 smaller homes in retirement for what this place is worth. [/quote]
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