Quote:
Originally Posted by Biggd
Boomers get blamed for everything now. It's the American way now, it's always someone else's fault!  |
I hope you're kidding. I didn't mean to suggest there was fault involved, and this empty nester has plenty of square footage, so it would be hypocritical of me to point fingers. But it is a pretty basic set of facts that the children of boomers are looking at much tougher economics than we were 30 years ago, and a huge driver of that is the real estate gains that we have made collectively.
The lake economics are a screaming example of that, as John's link points out. I thought my Winni house was a once in a lifetime reward that made no financial sense. Wrong! My splurge would be a huge windfall if I sold. It's as if I've been using it for free.