Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A
Shrewd'm.com Merry shrewd investors
Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
Unthreaded | Threaded | Whole Thread (5) |
Post New
Author: hclasvegas   😊 😞
Number: of 16627 
Subject: o/t, terrific 8 minute interview with Whitney
Date: 09/23/2025 8:46 AM
Post Reply | Report Post | Recommend It!
No. of Recommendations: 6
Wall Street old timers remember Meredith Whitney’s great housing call. “ The CEO of Meredith Whitney Advisory Group, whose prediction of the Great Financial Crisis earned her the moniker “Oracle of Wall Street,” pointed out in a Financial Times op-ed that more than 54% of homes are owned by seniors, up from 44% in 2008.
She added that 79% of seniors own their homes, and three-fourths of them don’t have a mortgage, meaning they have an enormous amount of equity that can help cover rising homeownership costs, such as insurance.”

https://fortune.com/2025/09/22/boomers-housing-mar...
Print the post


Author: rogermunibond   😊 😞
Number: of 16627 
Subject: Re: o/t, terrific 8 minute interview with Whitney
Date: 09/23/2025 9:14 AM
Post Reply | Report Post | Recommend It!
No. of Recommendations: 3
Thought it was an interesting point.

Reverse mortgages as a means to fund long-term care or assisted living likely eats up most of this.

Accelerates the "aging in place" phenonmenon and thus less circulation of housing for new households.
Print the post


Author: rayvt ✧  😊 😞
Number: of 16627 
Subject: Re: o/t, terrific 8 minute interview with Whitney
Date: 09/23/2025 9:42 AM
Post Reply | Report Post | Recommend It!
No. of Recommendations: 8
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.

Print the post


Author: mungofitch ✹🐝🐝🐝 SILVER
SHREWD   😊 😞
Number: of 16627 
Subject: Re: o/t, terrific 8 minute interview with Whitney
Date: 09/23/2025 12:53 PM
Post Reply | Report Post | Recommend It!
No. of Recommendations: 2
We couldn't downsize as that would be a much larger not smaller payment.

This is one (entirely rational) reason that US housing inventory is so low these days, and why it's therefore likely that the current housing rally seems likely to continue longer than would seem rational.

Jim
Print the post


Author: BreckHutHigh ✧  😊 😞
Number: of 16627 
Subject: Re: o/t, terrific 8 minute interview with Whitney
Date: 09/23/2025 2:05 PM
Post Reply | Report Post | Recommend It!
No. of Recommendations: 0
Lee Cooperman has been buying up shares of Finance Companies of America [FOA}, a purveyor of reverse mortgages.
https://www.sec.gov/Archives/edgar/data/1828937/00...

Company website:
https://www.financeofamerica.com

Teaser: FOA loan origination volume was up 35% YoY to $602 million in Q2 2025

When I hear the term "reverse mortgage" I feel an immediate urge to hold my nose. However, if this industry helps people continue to live financially independent and stay in their homes longer, maybe I will hold my nose and take a small position.



Print the post


Post New
Unthreaded | Threaded | Whole Thread (5) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds