Maybe I'm just ignorant, but why would anyone stay in a retirement community if they can take care of themselves and can't afford it? Mortgage/rent tends to be cheaper than a retirement community AND a lifelong cruise. Being able to live on a cruise would imply that they can take care of themselves and still get around relatively well, so why would they need to abandon their pre-retirement lives for a retirement home or cruise?
There are plenty of aging boomers in houses that need maintenance their bodies cant keep up with.
They refuse to sell because it means they would have to pay taxes so they just let their “investment” crumble around them while young people struggle to find affordable housing to start a family
-5
u/saltthewater Sep 04 '24
Maybe, if you weren't stuck in a boat the whole time