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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]Additional point - moving out of a house and into a new one is a tremendously stressful an exhausting thing to do, let alone sorting it out when you're elderly. I'm in the middle of selling our home and finding and purchasing a new one. Packing, putting things into storage, moving, etc. is stressful, exhausting, and expensive. What if the boomer lives in their home, but only has social security, so cannot fund a down payment on their 2nd home without selling the first? Can afford their property tax bill, sure, but doesn't have much left to pay several grand to move (and that's assuming they pack themselves or have kids to help pack - it's prohibitively more expensive to hire someone to pack for you). I'm only in my 40s but this experience alone has me pretty much wanting to stay in my next house till I die.[/quote]
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