Re: Over 60s Should Be Encouraged To Downsize
Crivvens - according to that graph I bought a house in southeast England at just about the perfect time (1999) and sold it to move north at a pretty good time too (2004). We rode a pretty huge upswing in prices and benefited from it in about the only way you can, by moving from a high house price area to a relatively low one.
I nearly used this thread as a sermon illustration last Sunday. There is increasing interest in Christian circles in community living of one sort or another, and the prospect of multi-generational occupation of large homes currently in the possession of newly-retired boomers sort of plays into that idea.
It's encouraging in a way that that notion even came up in this thread. The classic portrait of a baby boomer is one who climbed the income ladder in an age of rampant individualism and then pulled the ladder up behind him leaving the rest of us to pay his pension out of dwindling resources. If the medium-term economic prospects for this country are such that they force a reappraisal of our individualistic, somewhat selfish society (which is by no means the preserve of the boomers I should add), then that in my view is no bad thing.
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