Natalia wrote:
> That most Boomers own outright is a reasonable assumption,
> still,....many boomers subscribed to the practice of
> investing/gambling their equity in other property or other markets.
Yeah, and I have not even a vague idea of the extent of that practice.
My father-in-law did that with considerable success, never paying off
a mortgage. He could always get better return on his investments than
the rate of his current mortgage. But then, he was atypical because
he was the financial manager of a college and thus more than average
knowledgeable in finance. And he got out that racket by moving to a
retirement home before the dot-com bust.
- Mike
--
Michael Spencer Nova Scotia, Canada .~.
/V\
[email protected] /( )\
http://home.tallships.ca/mspencer/ ^^-^^
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