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Or you hope that your boomer parents don't reverse mortgage the house to fund the Margarita-ville lifestyle at some compound in Florida. For many young people
by User23 5y ago
Or you hope that your boomer parents don't reverse mortgage the house to fund the Margarita-ville lifestyle at some compound in Florida.
For many young people today inheriting a house is the only plausible way they're going to get one.
- aaronax 5y agoAnyone can move to my town and get an $18/hour starting wage job and buy a $150,000 house. Hard to imagine that this is unique. Look outside the cities...
- User23 5y agoBlackrock is aware of this problem and is actively mitigating it.
- bradlys 5y agoThat’ll happen at far too late of an age for it to matter though. Parents aren’t dying at 60 when they had kids at 30. They’re dying at 80 and the kids will be 50+ when they finally get anything. By then - it’s far too late.