Older Americans Declaring Bankruptcy At The Highest Rate Ever

[Rob Bergeron]

https://www.cnbc.com/2018/09/05/more-older-america...

First and foremost, this extremely sad to see. The article shows that the share of homeowners with 65+ with mortgage debt has gone up from 22% in 1995 to 41% in 2016. That number has nearly doubled. How does this impact us as investors? It means there is an opportunity to cater to seniors in your portfolios. It also means that seniors should be more likely to sell their home and the owners should have plenty of equity in them. I already love the idea of building 55+ independent senior living. Due to the the Housing for Older Persons Act of 1995 you're able to cater to seniors. It is a racket, studios are going for $900 a month over $2,000 a month for two bedrooms, more if the area is great. I wish there was a way to find homeowners that are in student debt, then you could pitch selling the house to pay off student loan debt and avoid paying interest...