On a sad note, Old timers may have seen better days.

I read an article today that suggested that many Seniors are significantly in debt, and the trend is escalating. Health care and soaring medical bills have forced an increase of 150% in bankruptcy filings since 1991 to 2007 for adults aged 65 and older.  Worse, bankruptcy for seniors 75 to 84 skyrocketed to 433%.

The Hope Now Alliance has tried to help borrowers out of their troubles, but the pace of assistance has been quite slow.

Additionally, Realtors are focusing on Gen Y, as they have been mostly priced out of the market until the last few years, and are likely to be first time home buyers without the baggage of owning an over-valued property.

Tough Times Never Last, but Tough People Do.

If you know someone who needs help, especially a senior citizen, please give them my phone number 203-466-1500. They may not be computer literate.

More importantly, they may not know how to help themseves. I am old enough to have experienced a similar market in the late 80’s, and will do my best to provide some guidance.

The consultation is free.