Are boomers really using all this equity to get more loans now that they are in their Sixties thru their early eighties? When will they pay them off?
Most that I have known are downsizing and getting rid of their stuff (the ones who haven’t already died, that is) to either move into an apartment or some type of senior’s living (the type designed to systematically separate seniors from their life savings until they go into a nursing home), like that new one on the corner of Robie and Quinpool.
Maybe you should start directing your anger at Gen X? Soon there won’t be enough boomers around to blame, so it wouldn’t hurt to plan for the future.
(which should be five cents now, given that most of us probably don’t remember the penny as actual currency)
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