Forum Discussion
colliehauler
Nov 18, 2019Explorer III
Roy&Lynne wrote:Usually older people benefit the most out of skyrocketing home prices. Homes they paid a very reasonable price are worth a fortune now giving them a healthy retirement when they sell. I know several people who retired from California and sold their home for a fortune and moved to the midwest and can live very well on the profits. Not unique to that area Jackson Hole, Aspen and several other towns where money moved in and long time residents displaced.
Ten years ago you could rent an apartment in my home town for 550 a month, now that same apartment costs 950 to 1000 a month, but wages have hardly budged. My elderly neighbors husband died and and she gets 780 a month from SS. Does anyone know where she can rent an apartment? Personally I think the problem might not be poor people who really need a place to live but our society who can't be bothered to take care of our poor.
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