I know alot of folks in those older neighborhoods also. I never claimed they were rich. They arent what I would call wealthy but they arent dependent upon their home to finance retirement either. Yes their returns have been hit by low interest rates but many of them also were the beneficiary of 15% CD’s in the retirment portfolios 30 years ago. They dont nor did they ever live lavish lifestyles so they are fine living the lives they want. They grumble all the time but life goes on for them. They are responsible regular folks who have lived within their means and planned properly.