Subject: Re: o/t, terrific 8 minute interview with Whitney
Accelerates the "aging in place" phenonmenon and thus less circulation of housing for new households.

Another big reason for "aging in place" is the raft of sub-3% mortgages that retirees refinanced to a few years ago.
Ditto "staying in place" for non-retirees.

The P&I of our mortgage is $950 for a 4 bedroom detached house. The mortgage will last longer than we will. T&I brings it up to $1300.

The rent for a comparable rental would easily be several times that.
At the current mortgage rates, our payment would double. (Sucks to be Canadians whose mortgages reset every 5 years.)
We couldn't downsize as that would be a much larger not smaller payment.