‘Oracle of Wall Street’ says boomers control the housing market, and their enormous equity will keep them in place — ‘There will be no quick fixes’

‘Oracle of Wall Street’ says boomers control the housing market, and their enormous equity will keep them in place — ‘There will be no quick fixes’

Baby boomers now own a majority of U.S. homes and have the financial means to stay where they are, keeping the housing market stuck for the foreseeable future, according to top Wall Street analyst Meredith Whitney. The CEO of Meredith Whitney Advisory Group, whose prediction of the Great Financial Crisis earned her the moniker “Oracle of Wall Street,”…

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Exclusive | ‘Silver economy’: Hong Kong’s boomers flock to Greater Bay Area to afford retirement homes

Exclusive | ‘Silver economy’: Hong Kong’s boomers flock to Greater Bay Area to afford retirement homes

The retirement needs of Hong Kong’s baby boomers consist of three pillars: stable income, access to affordable and quality healthcare, and reasonably priced accommodation, according to the chief executive of BOC Life. “These aspirations of a generation with significant wealth now entering retirement are easily attainable, as the quality of cross-border healthcare services improves and…

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Exclusive | ‘Silver economy’: Hong Kong’s boomers flock to Greater Bay Area to afford retirement homes

Exclusive | ‘Silver economy’: Hong Kong’s boomers flock to Greater Bay Area to afford retirement homes

The retirement needs of Hong Kong’s baby boomers consist of three pillars: stable income, access to affordable and quality healthcare, and reasonably priced accommodation, according to the chief executive of BOC Life. “These aspirations of a generation with significant wealth now entering retirement are easily attainable, as the quality of cross-border healthcare services improves and…

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