rita the marketing gal

Yun Says Housing Will Be Merely Flat Next Year? Whew!

Yes Mikehr, and some boomers are inheriting lots of cash from their aging parents who actually knew how to save! Nursing homes cost $6K a month and assisted living can cost $10K with all the extras. So much for Mom and Dad's nest egg. Boomers say, "give us the money now Mom and we'll buy a house big enough for you, our college grad kid who won't leave and us too". Don't underestimate the matress cash that's out there and the boomers' appetite for living large.