General Discussion
In reply to the discussion: *Warning: Rage Inducing* Older Americans Are Hoarding America's Potential [View all]lostnfound
(17,581 posts)There are white papers written in analyst circles on the expected massive wealth transfer that will happen as boomers are dying off. It is quantified and the target of significant marketing-industry analysis for future demographic shifts.
Huge propaganda is proliferating to cap social security payments at $50K / $100K per couple (with no corresponding cap on mandatory Medicare fees).It initially affects only a tiny percentage but will grow rapidly to have much more impact on seniors, especially those who have and want to keep their own homes.
*Home ownership expense is up from higher property taxes (blame tax waivers given to fake affordable housing developers)
*Electricity rates (blame corporate welfare for BigTech)
*Insurance (blame climate risk plus state regulator & legislature capture by industry).
Huge new housing developments that are really just condos by a better name. The market is a tapeworm that must keep eating. Where to get growth? Put the American dream of own your own home on life support, and get people locked into essentially subscription-model housing, like townhomes with high monthly fees or luxury housing developments. There are build to rent homes, and mixed use developments where condo-owners are on the hook for upgrades to shared spaces, without any vote in the matter.
What are that chances that there is a strategy to push 15% or 20% of Americas seniors out of their current home situation in the next 10 years, sending them to housing arrangements so the equity they possessed will dissolve into revenue streams for the giant developers?
Ultimately this mostly lets private equity billionaires tap into the giant wealth transfer instead of seeing it pass on to their children.