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by bezospen15
1519 days ago
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You say failure but this is yet another successful grift. Most of them bought homes decades ago and are cashing out at 3-5x without putting any money into it. They're retiring very well off, hence the cost of retirement communities. We will get through housing painfully only to have to deal with retirement costs after that. |
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$400,000, the average price of a home these days, is not a lot of money to live on when one or both might end up needing assisted living. My mother-in-law burned through half that in the last nine months of her life despite having incredible insurance and government pension. Now that is a screwing.