Monday, February 9, 2015

OCHN: 4% mortgage rates transfer wealth from Millennials to Boomers

Today’s 4% mortgage rates represent an artificial transfer of wealth from Generation X, Generation Y, and Millennials to Baby Boomers.


Even before the housing bubble created a great deal of false wealth, baby boomers were the recipients of an artificial boost in home prices due to 25 years of f...
4% mortgage rates transfer wealth from Millennials to Boomers





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