Not everyone needs to retire here. You are asking the residents here to sacrifice some of their wealth (home asset worth) to allow others to move in.
If people can’t afford it, then they need to look at places where they can afford it. I wouldn’t want to see people move here that then can’t afford to keep their house looking good because their mortgage is killing them to repay.
But if I was looking, I would like this downturn with higher interest rates because I would just pay cash, IMO, most retirees should pay cash for their home.
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