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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (64259)	6/21/2006 2:48:53 AM
From: John Vosilla	Respond to of 110194

'..less than 1% of eligible retirees go for it currently - why do you think that is so?' That 1% figure you see will change dramatically as boomers age. Those in their 70's+ today are products of the depression and WWII. They want no debt of any kind especially at this stage. The parents are fine from both a cash and and home equity perspective. Housing inflation did very well for them both in NY and down here in FL over the past 45+ years and is about the only thing that kept up with medical costs.. Those that never owned property obviously having a difficult time these days in the bubble markets where everything has gotten so expensive.