2012 is just about the time patrick.net predicted:
“Baby boomers retiring. There are 77 million Americans born between 1946-1964. One-third have zero retirement savings. The oldest are 62. The only money they have is equity in a house, so they must sell. ”
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The more likely scenario is that boomers will simply continue to work. Boomers with equity will not be in a must-sell position, IMHO.
