ilmscore | Prediction Details
"what you will then have is the older generation releasing the equity in their home selling their homes using Equity release schemes in order to pay their retirements pay for their end of Life Care thinking that their kids will be all right because they can buy their own homes and then the kids can't buy their own homes essentially and the kids are left in a situation where the only way to buy a home is to take out a really enormous mortgage or basically to rent for their whole lives"
By Garys Economics | February 18, 2024 | Pending
From video
How You Lose Your House 00:02:16 - 00:02:39
Interpreted Prediction
Older generations will increasingly liquidate home equity for retirement and end-of-life care, leading to younger generations being unable to afford homeownership and forced into large mortgages or lifelong renting.

Prediction Details

Topic
Housing / Generational Wealth

Comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.