Boo Hoo -- Boomers Won’t Part With Their Homes, And That’s A Problem For Young Families

Yesterday I received a postcard with a photo of my house greeting me by first name mind you stating they want to buy my house 'AS IS'. I thought 'Nice picture Google.' Should I sue?

 

We get those "want to buy your house!" offers occasionally. I wonder if they are coming from one of those chinese (or other foreign) conglomerates that is buying up American homes for rental property.

 

If I'm reading that right, it sounds like your aged pension is needs-based, Kate. Once again, people who worked and planned for their retirement are getting penalized for being responsible by the government.

 

They are trying to get the same thing through Congress for SS here to under "means testing." They push it as penalizing "the rich"...just like income tax is only on the rich among us. Thankfully, average Americans don't have to pay income tax

 

Beth altho I worked till I was 65 I had very little in superannuation which employers pay 9 % on top of your wages into a retirement scheme which wasn’t compulsory when I was young it only became compulsory when I was about 50
however we both paid enough in tax over our working years to cover our pension
Neither of us claimed government support prior to retiring .
We only got married ( 2 nd marriage ) at 40 and 41 bought a brand new small home , stayed home never went anywhere ….and paid it off in 5 years …sold that after 16 years which paid for this home to be built/ block of land
@Beth Gallagher

 

3 years ago I downsized to a 2 bedroom condo that is 855 sq ft. in a secure building. I was sick of owning a home and wanted an easier life. I absolutely love it and have made 4 friends in the building.

 

I dread the idea of moving. Sheer fantasy, I'm not nuts, but sometimes it might be nice to pack a few suitcases and call in a team to just do a controlled burn.

 

I'm leaving this mess to my kids. They can hire a bulldozer for all I care.

 

As usual CNN or whoever, places the blame on the wrong people. I won't even ask if they'll ever figure out how wrong they are and finally straighten up their act, just not holding my breath.

I'm with you @Beth Gallagher Seniors have earned their homes, not just financially, but with the wisdom they've gained. The younger "set" is always on the move for bigger and better jobs and homes, they don't stay put any longer, and for anyone with good kids, I'm not talking about ALL younger people. Bottom line I know it's not anybody's fault except "whoever" is controlling our economy today. I mean give the credit to the jackasses that created our lousy economy.

 

LOL, atta girl, will you adopt me @Beth Gallagher, I mean, mommy?

 

I read a few more posts and thought I'd add that I live in a small apartment. I never lived anywhere for longer than 3 years, which includes my childhood homes. Now I'm so proud to say I've been under the same roof for 8, going on 9 years. I "need" to move I've decided, but it is hard for me to leave the "familiarity" of this place.

I can't imagine leaving somewhere I lived most of my life, maybe even a very old home that was my ancestors, or more recent families. I can understand both sides of either staying in my home until I pass away, or, moving into something more manageable for me. But it should never be up to someone else, like anybody that can't find homes they want to buy, or heaven forbid, government making our decisions.

 

I hear they say that too, some call us "useless eaters".

 

This is true about the 5 years before you retire. Most people don't know this.