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[quote=Anonymous][quote=Anonymous]One thing that is consistent with my boomer relatives who weren’t recently working or running a business is that they grossly over value their assets and grossly underestimate their spending. Several are convinced that they are sitting on goldmines of stuff when in reality their children will have to spend money to haul it away. Several own properties but grossly over estimate what it’s worth. They don’t understand that their homes are tear downs and the value is in the land. [/quote]

Is that boomers or the older generation? We are in the process of emptying out my mothers house and agree that it's mostly donations and trash. And the house wasn't up to current standards but is about to sell for $900k. But she's not a boomer, she's silent generation.

I'm a boomer (younger end) and have 2 homes - one valued at $1.8m and the other at $2.5m. Totally updated and I could sell them today for that. Most of my boomer friends live in similar homes. 3 moved to Park City in the last year and have unbelievable houses. And my age cohort is mostly getting rid of stuff, not hoarding it. Also not sure any of my friends are under the impression that their furnishings have any value whatsoever. When I get rid of stuff I freecycle or donate.[/quote]

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