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Rich Boomers, Poor Generations Following...
invite response
2015 Apr 8, 6:50pm 1,402 views 2 comments
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1
Blurtman
2015 Apr 8, 6:56pm
What is wrong with rich middle class households? It is paper wealth, and not liquid, BTW, unless you go the Fonzi reverse mortgage route or HELOC route.
2
NDrLoR
2015 Apr 8, 7:06pm
NDrLoR
2015 Apr 8, 7:06pm
Just out of curiosity, how do my cousin and her husband fit into this equation--personally I think the color scheme is making it hard to sell, I'm sure it was Melinda's idea. He's 65, I think she's 66--they've bought a condo about two minutes from where they live:
http://www.oftwominds.com/blog.html
"This great generational injustice is the direct consequence of central banks lowering interest rates to zero and inflating asset bubbles...."
...Where does this leave us? With the unsettling reality that the generations that reached home-buying status in the 25-year era of 1973 - 1998 and happened to buy homes in locales that would one day become extremely desirable (and who didn't extract all their equity in the bubble years) are now Rich Middle Class Households.
Those who bought homes in the bubble years are Poor Middle Class Households with little or no asset wealth. ..."