Quote:
Originally Posted by BaddieB
I don't think that's a misquote, I think that's just what the PM said. "Future nest egg" still ties into retirement.
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Almost all homeowners retire eventually. A majority of homeowners aren't retired yet and many of them are relying on their home value for retirement or as a nest egg. So his statement was not just about seniors and those nearing retirement.
In fact, millennial and Gen X owners are much more likely to be impacted by falling home prices because they're more likely to have bigger mortgage debt, and could encounter negative equity. They're being protected more than seniors whose homes have been paid off.