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I think in most cases it's being transferred to someone older than you. Real estate is a seniority system.
by jackcosgrove 5y ago
I think in most cases it's being transferred to someone older than you.
Real estate is a seniority system.
- skybrian 5y agoWell yes, in a sense it has to be that way, because people aren’t born owning anything but eventually younger people will end up with everything when older people die. However, sometimes the transfer is via inheritance and sometimes it’s by selling property. I wonder to what extent retirement could be considered to be funded by real estate sales? It’s certainly something people do: sell the house and move somewhere cheaper.