Existing Homes Sales PLUNGE To 15-Year Low

What can we presume about that 34.7% that owned their own homes outright in 2000?



A good number of them had lived in their homes at least 20-30 years making them elderly, retired or nearing retirement. I say that because one of the biggest benefits from home ownership is the tax advantages of being able to write off the interest on mortgage payments. If they're nearing retirement or were retired, then in the last ten years they may have been living off of other investments, or they may have refinanced their homes to have something to live off of.



What do you think the 2010 census is going to tell us?
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