“Many older adults are downsizing and moving into rentals. Out of the 30 most populous cities in the United States, 16 experienced an increase of more than 40% in the age 60-plus renter household share between 2007 and 2017, according to research by RENTCafé. Austin, Texas takes the first-place spot as the city with the highest percentage change in the share of 60-plus renter households, increasing by 113% in the 10-year period. Phoenix shows the second highest increase of 112%.” (From Forbes.com article below)
If the investment sounds to good to be true, it almost certainly is. Katy Stech Ferek of the Wall Street Journal writes a comprehensive article on the tedious and expensive work of law firms, accountants and investigators in tracking down and facilitating the repayment of funds to victims of Ponzi schemes. Click on the link below to read more in the WSJ:
Boomers Daily 