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The system is totally unsustainable... unless we're willing to have a society of debtors, noone is going to buy homes from the boomers. The majority of retirem
by WrtCdEvrydy 4y ago
The system is totally unsustainable... unless we're willing to have a society of debtors, noone is going to buy homes from the boomers.
The majority of retirement the average middle class has is their home.
- bequanna 4y agoI’m not sure what you mean when you refer to “the system” but the extradorinaiy price increases in homes were caused by boomers printing an unprecedented amount of money for themselves and lowering interest rates. If history repeats itself, real estate valuations should revert to a long term mean which would make homes somewhat more affordable. There are some early indications that this is happening.