The boomer re mortgage situation you describe.... I hear constantly from my inlaws. Add to that how much money they made from the housing market but they cannot comprehend that societal economic factors have dramatically changed and it's not a viable strategy for us. Huge differences include 1) not being able to support a "modest" house purchase on one family income (let alone multiple houses) 2) interest rates in australia hitting just under 18% in the late 80s/ early 90s, theoretically rba could hike rates aggressively (due to inflation surging uncontrollably) but it would most likely crash the economy (re they need to choose between collapse or money printing - my money is on the latter) 3) just ethically it's not the right thing to do anymore now there is a better solution I agree with what you're saying and it's painful to watch.... it's like people don't read books anymore and have this weird belief that what happened in the past cannot happen to them (or even whats happening in another country like currency collapse i.e. greece, lebanon, iran)... I think the stories from a few generations back are more important than the immediate generation just passed, that bad history repeating itself is more a hundred (or so) year cycle
