2 ms·
No I'm saying that when the younger generations (who don't own property) get old we'll see what happens.
by rcpt 2y ago
No I'm saying that when the younger generations (who don't own property) get old we'll see what happens.
- itake 2y agoah, my hypothesis there is the younger generations will think they are getting their parent's house, but for many families, mom & dad will sell their house to pay for long term care facilities when they can't take care of themselves or walk up the stairs, leaving the kids with nothing.
- asadotzler 2y agoFamilies have 1.9 children in the US, so all children inheriting suburban middle class homes from their dying parents is already off the table unless their parents divorced and or have some other reason to own two homes. Let's say half of families divorce. But we then factor in your "long term care costs" and the liens those people will have requiring home sales rather than gifting and we're probably right back at half (at best) of kids possibly inheriting housing when they're in their 60s and their parents kick the bucket.