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If you're 65 and have no savings or income you really lived your life wrong. I mean, even if you bought a house at 35 and just made minimum payments, at least
by Danihan 10y ago
If you're 65 and have no savings or income you really lived your life wrong.
I mean, even if you bought a house at 35 and just made minimum payments, at least that would be paid off. And I'm sure taxes could be paid by renting out one room..
- researcher11 10y agoThis thread is in the context of a major economic downturn. Many @ 65 are not set up as defensively to survive one. Counters to your example would be modern day Detroit, modern day Greece, and the Weimar Republic.