The Great Reset: Reverse mortgage crisis – Inheritance wiped out for Gen Zs and Millennials in Canada.
The infamous tagline rings so true. "By 2030, you won't own anything and you'll be happy." In this case, your home equity will be eaten up by your reverse mortgage and you may not be left with anything at the end of your life. If you do, the home equity tax will help to finish it off. If for some reason you still have a little left, tokenization will definitely complete the tagline. Hence, Gen Zs and Millennials, and everyone else, will get nothing and won't be able to own a home either way. More in the Market Mania video.