Except that boomers have and are already cashing out, that wealth is used up bec... | Hacker News

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		downrightmike on April 4, 2024 \| parent \| context \| favorite \| on: Generational Luck in the Housing Market Except that boomers have and are already cashing out, that wealth is used up because they didn't save and Social Security doesn't cover much. Reverse mortgages and Heloc loans destroy generational wealth. Nothing will be passed down to most kids.

panzagl on April 4, 2024 [–]

The California or Washington couple who sold Mom's house and moved here to start their lifestyle business is a common story in many western states.

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