4 ms·
intergenerational wealth through housing, let me tell you about that. My Grandparents owned two home most of the proceeds form their sale went to paying off th
by smegger001 3y ago
intergenerational wealth through housing, let me tell you about that. My Grandparents owned two home most of the proceeds form their sale went to paying off their debt. You see as life expectancy's have gone up as has medical cost only much more. Sure my grandfather lived till his late 80 when his father and grandfather died to hearth attacks in their early sixties but the various surgeries and treatment for my grandparent ate all but a fraction of that. My parent spent more money taking care of my grandfather and grandmother in their final years than they inherited, and quiet possibly will have to do it again when my last remaining grandparent is no longer able to afford her retirement home and medication after the proceeds of her house sale run out. And I will have to do it for my parent when their turn comes. There isn't some real-estate driven wealth transfer for the middle class anymore. Its transferred to hospitals and pharmaceutical manufacturers.