RE:RE:Okay, dogs, here’s the question ...MrSilbergleit wrote: This is what happens when people pay stupid amounts of money, and many multiples of income, to get a house. Insane real estate prices have bred swelling rents, low vacancy rates, elephantine debt and what’s obviously turning into a potential retirement crisis. Young adults are straining to afford leases or dangerously over-reaching to buy property. Boomers are sitting on small mountains of windfall equity, but immobilized by not knowing where to go, with scant liquid assets and c-r-a-p pensions. Employers in T.O. or YVR can’t find talent because kids can’t stay. Real estate is our addiction, our obsession, and our disease. It’s killing financial stability.
Wow where did this come from? So bitter! I think if the boomers are sitting on a small mountain of windfall equity, they should share some of it with their kids. :)