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Reply to "Boomers' Billion-Dollar Bonanza: The Unseen Hoarding Behind Millennial Struggles"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s all luck and timing. Gen X couple who bought in 06 in a hot gentrifying neighborhood for $600k. Had an interest only loan. Refinanced to 2.5 percent. It’s worth $1.1. [/quote] That's around 4% appreciation. Given the risk you undertook, not at all a great return.[/quote] DP. It’s more than just appreciation. It’s the investment into a level of financial freedom at retirement due to being mortgage free. [/quote]
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