I think the idea is you cash out when you’re old and then just live in a condo somewhere warm.
Problem is Boomers don’t realize there won’t be anyone to cash out to if the prices inflate too much and the younger generation is too poor to buy. I mean, I guess Blackstone could buy up a lot of them but I don’t think even they have the capital to buy EVERY boomers home at it’s current listing.
I think the idea is you cash out when you’re old and then just live in a condo somewhere warm.
Problem is Boomers don’t realize there won’t be anyone to cash out to if the prices inflate too much and the younger generation is too poor to buy. I mean, I guess Blackstone could buy up a lot of them but I don’t think even they have the capital to buy EVERY boomers home at it’s current listing.