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That is a pretty normal cycle for most people and it makes perfect sense. You buy a house, use it to save on rent and protect your retirement from inflation. C
by s1artibartfast 2y ago
That is a pretty normal cycle for most people and it makes perfect sense.
You buy a house, use it to save on rent and protect your retirement from inflation. Come to old age, you reverse mortgage or sell and go back to renting. Many people need to downsize anyways as their energy and capability decreases.
It is pretty unrealistic to expect that everyone can die without breaking into what is their largest expense in life.
- fragmede 2y agoIt's pretty normal, but I don't agree it makes sense. You've spent your whole life in Anytown, USA, and the plan is to determine a birthday at which to sell your home and move away from all your friends to Florida? Or maybe they move with you? What about setting down roots and living in the same house from generation to generation. I mean, to each their own, but housing as an investment is what leads to this "logical" conclusion. If housing merely tracked inflation then we'd have a different situation.