- This topic has 510 replies, 19 voices, and was last updated 13 years, 5 months ago by
sdrealtor.
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May 18, 2011 at 9:47 AM #697458May 18, 2011 at 10:23 AM #696311
an
Participant[quote=sdrealtor]Go to FLA and tell me the high end is levitating.[/quote]
MM is hardly high end or ultra desirable, yet part of MM has only seen ~30% drop from peak.May 18, 2011 at 10:23 AM #696399Participant[quote=sdrealtor]Go to FLA and tell me the high end is levitating.[/quote]
MM is hardly high end or ultra desirable, yet part of MM has only seen ~30% drop from peak.May 18, 2011 at 10:23 AM #696996Participant[quote=sdrealtor]Go to FLA and tell me the high end is levitating.[/quote]
MM is hardly high end or ultra desirable, yet part of MM has only seen ~30% drop from peak.May 18, 2011 at 10:23 AM #697144Participant[quote=sdrealtor]Go to FLA and tell me the high end is levitating.[/quote]
MM is hardly high end or ultra desirable, yet part of MM has only seen ~30% drop from peak.May 18, 2011 at 10:23 AM #697498Participant[quote=sdrealtor]Go to FLA and tell me the high end is levitating.[/quote]
MM is hardly high end or ultra desirable, yet part of MM has only seen ~30% drop from peak.May 18, 2011 at 12:55 PM #696411UCGal
Participant[quote=sdrealtor]
Two points, boomers will spend that money at a mcu greater clip than the greatest generation ever did. Second, looking at my Mom and my relatives none of them own real estate anymore. They are all living in nursing homes, assited living and lifecare communities. They also all have LTC insurance that foots the entire bill for those in nursing homes or assisted living. I know this isnt the way everyone is but among upper middle class folks in metroplitian areas it seems to be more the rule than the exception. They lived carefully all their lives and preapred for this just like I am doing.[/quote]Except when they don’t have LTC insurance – they have to spend down their “wealth” and there’s less to pass on.
Perhaps 100% of your elderly relatives have LTC insurance. For my family it’s a mixed bag – and same for my peers… Some have it, some don’t. And of those that have it – some use it up – and keep on living. Most LTC plans last 3-5 years.
May 18, 2011 at 12:55 PM #696500Participant[quote=sdrealtor]
Two points, boomers will spend that money at a mcu greater clip than the greatest generation ever did. Second, looking at my Mom and my relatives none of them own real estate anymore. They are all living in nursing homes, assited living and lifecare communities. They also all have LTC insurance that foots the entire bill for those in nursing homes or assisted living. I know this isnt the way everyone is but among upper middle class folks in metroplitian areas it seems to be more the rule than the exception. They lived carefully all their lives and preapred for this just like I am doing.[/quote]Except when they don’t have LTC insurance – they have to spend down their “wealth” and there’s less to pass on.
Perhaps 100% of your elderly relatives have LTC insurance. For my family it’s a mixed bag – and same for my peers… Some have it, some don’t. And of those that have it – some use it up – and keep on living. Most LTC plans last 3-5 years.
May 18, 2011 at 12:55 PM #697097Participant[quote=sdrealtor]
Two points, boomers will spend that money at a mcu greater clip than the greatest generation ever did. Second, looking at my Mom and my relatives none of them own real estate anymore. They are all living in nursing homes, assited living and lifecare communities. They also all have LTC insurance that foots the entire bill for those in nursing homes or assisted living. I know this isnt the way everyone is but among upper middle class folks in metroplitian areas it seems to be more the rule than the exception. They lived carefully all their lives and preapred for this just like I am doing.[/quote]Except when they don’t have LTC insurance – they have to spend down their “wealth” and there’s less to pass on.
Perhaps 100% of your elderly relatives have LTC insurance. For my family it’s a mixed bag – and same for my peers… Some have it, some don’t. And of those that have it – some use it up – and keep on living. Most LTC plans last 3-5 years.
May 18, 2011 at 12:55 PM #697244Participant[quote=sdrealtor]
Two points, boomers will spend that money at a mcu greater clip than the greatest generation ever did. Second, looking at my Mom and my relatives none of them own real estate anymore. They are all living in nursing homes, assited living and lifecare communities. They also all have LTC insurance that foots the entire bill for those in nursing homes or assisted living. I know this isnt the way everyone is but among upper middle class folks in metroplitian areas it seems to be more the rule than the exception. They lived carefully all their lives and preapred for this just like I am doing.[/quote]Except when they don’t have LTC insurance – they have to spend down their “wealth” and there’s less to pass on.
Perhaps 100% of your elderly relatives have LTC insurance. For my family it’s a mixed bag – and same for my peers… Some have it, some don’t. And of those that have it – some use it up – and keep on living. Most LTC plans last 3-5 years.
May 18, 2011 at 12:55 PM #697598Participant[quote=sdrealtor]
Two points, boomers will spend that money at a mcu greater clip than the greatest generation ever did. Second, looking at my Mom and my relatives none of them own real estate anymore. They are all living in nursing homes, assited living and lifecare communities. They also all have LTC insurance that foots the entire bill for those in nursing homes or assisted living. I know this isnt the way everyone is but among upper middle class folks in metroplitian areas it seems to be more the rule than the exception. They lived carefully all their lives and preapred for this just like I am doing.[/quote]Except when they don’t have LTC insurance – they have to spend down their “wealth” and there’s less to pass on.
Perhaps 100% of your elderly relatives have LTC insurance. For my family it’s a mixed bag – and same for my peers… Some have it, some don’t. And of those that have it – some use it up – and keep on living. Most LTC plans last 3-5 years.
May 18, 2011 at 1:38 PM #696451sdrealtor
ParticipantYes I understand all that UCG but most if not all I know seem to have it. I know its only 3 to 5 years too but when you already have a nice retirement savings, 3 to 5 years of 100% free living does amazing things to your portfolio when you are still collecting SS, pensions and investing your assets.
May 18, 2011 at 1:38 PM #696540ParticipantYes I understand all that UCG but most if not all I know seem to have it. I know its only 3 to 5 years too but when you already have a nice retirement savings, 3 to 5 years of 100% free living does amazing things to your portfolio when you are still collecting SS, pensions and investing your assets.
May 18, 2011 at 1:38 PM #697137ParticipantYes I understand all that UCG but most if not all I know seem to have it. I know its only 3 to 5 years too but when you already have a nice retirement savings, 3 to 5 years of 100% free living does amazing things to your portfolio when you are still collecting SS, pensions and investing your assets.
May 18, 2011 at 1:38 PM #697284ParticipantYes I understand all that UCG but most if not all I know seem to have it. I know its only 3 to 5 years too but when you already have a nice retirement savings, 3 to 5 years of 100% free living does amazing things to your portfolio when you are still collecting SS, pensions and investing your assets.
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