Easy to see why they'd be a growing population demographic in the near term since, if you're like me (i.e., over 50) and you've lost pretty much everything in the market crash, there's basically no way in America to make up for the lost time:
Without going into a rant . . . we live in rural Clark County, NV outside Las Vegas, and are in that group of former middle class folks that have lost it all . . . having invested our life savings in this property (peak month Jul, 2006) we have not been able to sell. To view the place Precious and I were behind the fox, go to the home’s website and see the view from the “Perch” seating area. We gave up selling. We have it for rent with option to buy. We hang on but face BK or foreclosure like so many others. When we leave we are moving out of the country. At 65, unemployed since 2007 in a small town, and with a disabled wife, there is no starting over here. We will be able to save more than half my small government pension/her social security in Chiang Mai, Thailand. I am not bitter, but I no longer believe in capitalism or democracy as I once did; not the way they are being practiced now.
Truth to tell, I've entertained the thought myself, and have even spent time browsing rental properties here, here and here. There are some pretty sweet deals out there! And now that I've managed to transition into the work-from-home career phase, I have to admit the appeal is stronger than ever since I can earn a decent living anywhere I can find a wireless network. Would need to acquire some additional language skills, obviously, but like the author of that post, I can't say I see a very bright future in this country for old people like me in 20 years time. Would love to be proved wrong soon!
---Vitelius
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