Quote:
Originally Posted by Enoch Root
First of all, there is a lot of disdain in this thread that boomers have built lots of equity in their homes. Now you're arguing that the equity gain is only valuable if you sell. Well yeah, same for them. But come retirement, that equity is valuable. This is why home ownership s so valuable.
To the bold: A drop in home prices is irrelevant unless you sell. And the boomers that you all hate so much will have experienced exactly this, many times.
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A very Boomer thing to say.