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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]I don’t know where those fictional people live where $612 includes taxes and insurance but it isn’t around here. I also don’t understand why it’s so difficult to process why people living on a fixed income with a paid off mortgage don’t want to leave their homes that they spent years paying for and enjoying. [/quote] Places like Minnesota, Ohio, Michigan, Vermont, upstate NY, etc. Aka, Flyover Country. They have very few natural disasters, home prices have been very low until the COVID years, and jurisdictions often have caps on property tax increases that leave Boomers paying only a fraction of the fair market value on taxes compared to young families that recently purchased. [/quote] And the Boomers who live there who were upper income and corporate may also have real pensions of the type that ended in the 1990s.[/quote]
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