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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (24536)10/15/2004 5:37:09 AM
From: Amy JRead Replies (1) of 306849
 
Grace, don't you think they should be putting that money into retirement savings rather than wasting money on their house, given the average 50-year old has less than 50k which isn't enough money to retire on.

If Boomers want Gen X and Gen Y to pay for their retirement through FICA, there needs to be at least some evidence of Boomers saving money rather than blowing it on curtains for a house.

Regards,
Amy J
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