Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Baby Boomer Foreclosure Crisis


Be Afraid Baby Boomers have not paid off the Mortgage Yet

Another foreclosure crisis driven by Baby Boomers might be just around the corner.
Large numbers of retired Baby Boomers will eventually lose their homes to foreclosure because of this situation.
Over half of Baby Boomers born after 1951 are still making mortgage payments even as they approach retirement age, Fannie Mae’s Housing Insights newsletter estimated. To make matters, around half of the oldest Baby Boomers; many of whom are already retired, are still making mortgage payments.

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