July 2008
Intermediate to advanced
288 pages
4h 17m
English
Content preview from The Age Curve: How to Profit from the Coming Demographic Storm
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Chapter 11. Of Course You Can Afford It!
The housing crisis that seemed to hit “suddenly” in 2007 was actually building for years. It was primarily a Boomer issue precipitated by bad planning, poor borrowing habits, and reckless refinancing—more math-deprived behavior. The Boomer does not understand fiscal responsibility or even how to save money and accumulate wealth. The Boomer understands enjoying life, driving big SUVs, and living in big houses.