> Anyone who buys a house wants to use it as a nest egg. Its not just a baby boomer thing. This is a recent phenomenon, and it is not universal at all. The boo

> Anyone who buys a house wants to use it as a nest egg. Its not just a baby boomer thing. This is a recent phenomenon, and it is not universal at all. The boomers are the first generation not to protect pensions but instead gut them, and also to simultaneously use their houses as ATMs which HELOCs and such, which exploded in the boomers' heyday, the mid-late 80s. Almost every large institution and measure that supports the rampant inflation of house prices and keeps their values afloat came into its own with the explicit encouragement and effort of the boomers.