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TOPGUN

Home ownership is way down

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The chart seems odd, both X and Y axis are age of home owners, no timeline. Unless you calculate someone born in the '50s is now retiring. Still, the decline in the boomer gen is surprising. Interest rates play a huge part, cheap borrowing has fueled property costs, so maybe boomers for various reasons are selling, loosing their jobs, no retirement savings etc. Cashing out. Also, the concept of 'ownership' is flawed when the gov owns your home even if the mtge is paid, because if you don't pay your property taxes they will take it. You are ever and only renting the gov's property.

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TRUTH

There was an article prior about reverse mortgages targeting millions of Boomers . Reverse mortgages definitely had a big impact.

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