Reply to Retirees living off their investments in expensive resort towns

Forum Index » Money and Finances

Reply to "Retirees living off their investments in expensive resort towns"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]OP here. It's not worth focusing on the "flyover country". The point is that these retirees are able to live the high life because of their ample investments. Well done, but so many young people are not and will not be able to accumulate and invest as much. Just look at the mortgage interest they are paying, if they are lucky enough to become homeowners. [/quote]

I’m one of those happy retirees. When I graduated from college, mortgage interest was @ 12%. I was almost 40 when I bought my first house, at interest rates that were about the same as today. My investments have been through at least three major stock market crashes, plus one that happened when I was first starting out and had almost nothing in the market (so I don’t count that). There are charts out there that show that young people have greater wealth at their age than boomers did at the same age. Most of those retirees worked hard and saved to get where they are. Today’s young people can do so, as well. [/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