Message From Boomers:
Everyone please pull yourself up by the bootstraps and work harder. My retirement isn't going to pay itself.
Discussion
Itβs not just boomers, itβs all nocoin home owners who are relying on a capital gain to downsize for retirement. Some are veering towards to gold but it wonβt be enough to
Its all coming to a crescendo. The last of the Boomers retire in the next 5 years.
I reckon if you bought a home before 2006 and/or got a rental you going to cling to high house prices and be changing the working hard mantra
The whole world thinks house prices should be high and huge premiums. Much of the debt is maturing, so they need plenty of new debt soon if they gonna keep the scam going.
boomers want everyone to keep the ponzi scheme going so their real estate keeps going up and they can finally retire.
2008 bailed out the Boomers instead of letting to big to fails collapse...
As a boomer, my message to boomers is this:
βRetirement? Ha. Youβre livin in the past my friend.