It’s very different. I’m fortunate to be in a good place from a retirement perspective, but at this point my parents had made a 10x return on their home that they purchased in late 70s NYC, plus a legacy pension, plus a retirement healthcare.
Most of the housing wealth will be eaten up by health costs. With families moving away and people retiring to alternate locales, property wealth will be seized and sold off by the county to pay for Medicaid.
Many of the folks in our field are doing great, but tech is boom/bust and people are making way too much money now.
> Most of the housing wealth will be eaten up by health costs
Unless the home is somehow stripped down or otherwise damaged, the intrinsic value of the housing wealth will not change; it just is owned by a different entity.
Most of the housing wealth will be eaten up by health costs. With families moving away and people retiring to alternate locales, property wealth will be seized and sold off by the county to pay for Medicaid.
Many of the folks in our field are doing great, but tech is boom/bust and people are making way too much money now.