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Cake day: March 31st, 2025

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  • …and that means retirees will literally starve and live on the streets? I don’t think it will. It will just be less luxurious.

    you might think that japanese boomers have generational wealth in form of real estate. this is not really the case, especially for rural population. houses aren’t built to last, lose value like motherfucker and are commonly demolished after 20-30 years, in part because people don’t like second hand, in part because there’s no point of building anything sturdier if typhoon or earthquake takes it. there is some newer construction that is intended to last longer, but it’s not a very common thing. so a reverse mortgage type thing won’t exist there, and yeah lots of people will get shafted by these conditions