Search results

No, but many are downsizing and using profit to live off. Some may be getting reverse mortgages (not that i nessassarily recommend it). The government is giving incentives in stamp duty reductions to downsize.

On another front; Given that many (most?) baby boomers have very little retirement funds, and hold much of their wealth in their home. Why would the government want to reduce housing prices? They would have to pay more in pensions, in addition to the extra social housing that reduced investors...