And why would they participate in the market and sell? Most of my older neighbors have paid off their house and are retired so now they have where to live without paying a mortgage every month so no extra expense for that.
Isn't this the general idea of some people thinking ahead?
What would they do if they sold? Go to a nursing home?
I was talking with one of them a couple years ago about the idea of downsizing. They couldn't find anything that meet their requirements so they didn't.
I was talking with one of them a couple years ago about the idea of downsizing. They couldn't find anything that meet their requirements so they didn't.