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Real Estate
Reply to "Should current homeowners wish for home values to decline?"
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[quote=Anonymous][quote] Anonymous wrote: 99% of them are like that lol. Their own kids are priced out in the neighborhood they grew up in. I think part of it is that the retired boomers are just bored to be honest. A lot of them have less than 15 years to live and yet they worry about what their neighborhood will look like in 30 years And then their kids will inherit their house and millions. I'm a millennial, but I notice that the people who complain most about boomers often have parents who own the $3M house they bought for 5 grapes in 1981 (or whatever the meme is). Ok, congratulations - your family is rich and you'll benefit from the greatest wealth transfer in history in 15-25 years.[/quote] I wouldn't be so sure about that "wealth transfer". Estate tax laws can change at any moment and probably will because the US is in plenty of debt and it's not getting better. [/quote]
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