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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I actually think it’s pretty rare for elderly to stay in really high value homes unless there is a particular reason (like caring for grandkids nearby).  Most r the boomers are staying in houses that are run down or in not very desirable locations — most of the ones around here are cashing out and moving to the Carolina’s or Florida.  The ones in Ohio, upstate New York, western PA, etc etc are pretty stuck.  Even some places around here…if you are a boomer in an unrelated Levitt house in Bowie, can you get enough for it to buy into a nice over 55 community? [/quote]

Soooooo many boomers living in our neighborhood of 4-5 bedroom houses in Alexandria. They all have huge yards (for the area). If they wanted they could easily sell for 1-1.5 million. They're not leaving because they don't want to downsize. Personally, I can't imagine wanting this suburban lifestyle in my 70s . . . [/quote]

These are the same boomers probably voting to veto new housing and introduce property tax amendment favoring the elderly[/quote]

This!![/quote]

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