Re:Baby boomers are becoming homeless at a rate not seen sin...
by sokoloff on Monday September 25, 2023 @05:27PM
(#37650909)
People who are downsizing later in life benefit while alive.
People who move from an expensive area to a lower cost area benefit while alive.
People who intend to leave an inheritance benefit after death (and therefore psychologically while alive).
People who borrow against the property (via a cash-out refinance or HELOC) benefit while alive.
People who sell their individual condos and move in together might benefit from price appreciation (depending on how much more expensive the shared place is).
People who do none of those things but who realize they could downsize or move to a cheaper area if things went sideways benefit from the psychological security aspect.
People who move from an expensive area to a lower cost area benefit while alive.
People who intend to leave an inheritance benefit after death (and therefore psychologically while alive).
People who borrow against the property (via a cash-out refinance or HELOC) benefit while alive.
People who sell their individual condos and move in together might benefit from price appreciation (depending on how much more expensive the shared place is).
People who do none of those things but who realize they could downsize or move to a cheaper area if things went sideways benefit from the psychological security aspect.