Comment by jameslk
5 days ago
Doesn’t rent need to keep going up so the top-heavy segment of retirees can have a steady stream of inflation adjusted income and capital gains for their remaining years? This doesn’t seem sustainable, politically
5 days ago
Doesn’t rent need to keep going up so the top-heavy segment of retirees can have a steady stream of inflation adjusted income and capital gains for their remaining years? This doesn’t seem sustainable, politically
> Doesn’t rent need to keep going up so the top-heavy segment of retirees can have a steady stream of inflation adjusted income
No. Maybe 10% of retirees earn rental income [1].
> and capital gains for their remaining years?
The value of the home should be plenty to live off, whether by sale or borrowing.
[1] https://bradleyclark.com/blog/generating-retirement-income-w...
Residential real estate is very rarely a large component of people’s retirement savings or income in the US, and equities historically outperform real estate.
Well, if they own their home and have a diversified portfolio, then they should be able to weather a small hit to income.
If they rent, well, this directly helps their budget.
taxes and insurance are both much steeper than just a few years ago.
Gov. Polis has forced lifting limits on occupancy to override local restrictions. It's just getting more crowded.
Doesn't seem sustainable civilizationally, either, if the young and poor are propping up the old and rich, rather than older generations nurturing the youth.