BoomerVille: Okay, No Threat of Homeless, But Still Can't Live Where We Want
My, my. Another nice opening for the Dow.
But, so many Boomers still can't choose where we want to live. Okay, given the direction of the Dow, we're not going to be homeless - as "Rich Dad, Poor Dad" Robert Kiyosaki has been predicting for the Boomer generation.
Still, the reality is that we have to cope building a life in a location that's not our first choice. Affordability is everything. When that collapses we might even have to pull up roots and relocate, maybe several times, to a no version of Paradise.
In 2014, I "had" to leave the New York Metro area. Everything from car insurance to rent was getting scary. Also I had aged out of that market.
Tucson, Arizona provided financial relief, along with a surge in business. Until it didn't. Ohio was where I then headed. Most parts remain the best deal in the nation for rent. I'd rather be in Providence, Rhode Island near the ocean. Lake Erie will have to do.
These are not golden years. It's a time of surrendering to compromises.
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