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originally posted by: lakenheath24
Interesting article on the potential housing situation over the next 2 decades. Boomers own 25% of for sale homes in the US and its predicted that some 21 million homes will be on the market over those coming years as boomers peg it....but mostly in areas that young peeps dont care about.
Thats a lot of wealth erased.
And not only that, but the demographics are changing rapidly...as in suburban areas ard losing population. We saw this in the last election, where big city populations nearly trumped the burbs, so it will be an interesting next 20 years.
Ok Boomer. Now You are Gonna Ruin the Housing Market
21 million homes will be on the market over those coming years as boomers peg it....but mostly in areas that young peeps dont care about.
suburban areas ard losing population.
These areas could go the way of the old boom towns of the gold rush.
originally posted by: DanDanDat
a reply to: The2Billies
But again; how does a house that can't sell in a retirement community in Phoenix affect SF or LA prices?
originally posted by: The2Billies
a reply to: OccamsRazor04
If 25% of the nations home go on the market in the same basic time period it may greatly affect the housing market and prices If there is a glut of homes, prices go down.