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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (49421)	3/3/2006 6:23:51 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

>>The transfer from the Boomers to the following generation will be much more significant - but that won't be significant for another 20 to 30 years.<< A very optimistic assumption on yer part...that the Boomers won't have squandered every red cent they've had, as well as bankrupting future generations as far as the eye can see. Hey, I've even got a name for 'em...how 'bout "The Lousiest Generation"?<G>

To: CalculatedRisk who wrote (49421)	3/3/2006 9:28:27 PM
From: Tradelite	Respond to of 306849

<<Since this transfer is from a relatively small cohort to a large cohort, its impact in general will be small. The transfer from the Boomers to the following generation will be much more significant - but that won't be significant for another 20 to 30 years.>> You're probably right.....my own very elderly parent will probably leave in excess of a million or two, but his direct descendants (such as me) won't have much use for it......the next generation (my kids and any kids they might have in the future) will probably get way more than they ever bargained for. Heh.....we can't let the younger folks know about this, however, or they'll quit working today and spend hours on the golf course.