The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (12919)	8/22/2003 2:55:39 AM
From: MJ	Read Replies (1) of 306849

It's unfortunate that the elderly are being pitted against the young. IMO the elderly must be taken care of----we have a choice of building retirement homes for them or assisting them in staying in their homes as long as possible and remaining a vital integral part of society. The elderly are talked about as the greedy. They can hardly be called greedy when their economic contribution to society is considerable-----there are whole industries of people who support the elderly and their needs------young people who need work and are able bodied enough to do the work the elderly can't. To name some of these-------housecleaners; yardcare; tree trimmers; landscapers; driveway pavers; decorators; appliance repairs; appliance replacement; computer industry as older people, particularly women are one of the main users of home computers; healthcare---doctors, nurses, physical therapists, cruise liners for the wealthy, transportation of various kinds, restaurants, grocery stores and some with home delivery, hairdressers on and on. Having already dealt with elderly parents----I am most greatful that they were able to benefit from their social security and medicare insurance. They were not wealthy people living in million dollar homes. They were married during the depression, lived through WWII and lived modestly and worked all of their lives to benefit from their contributions to SSI and personal savings. They worked hard raising their families and benefitting society and later being business owners. They did not own a home as young marrieds-----homeownership came much later. With the elderly living longer, they are now faced with making their funds last until they die---80's and 90's for some. Some have lost significantly in the market bubble----seeing their assets cut by 50% or more. No question that the young will eventually benefit when the elderly die----as their assets get passed to the young. If the young cannot have everything immediately---so be it---nothing in this life is guaranteed. mj

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