Why are there NO HOUSES for sale? Are Boomers a cause of this housing crisis?
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- Опубликовано: 22 янв 2024
- Why are there NO HOUSES for sale? Why is there a housing shortage? Are you a Millennial or Gen Z homebuyer who feels like buying a home is out of reach? Does it seem like there are just no affordable homes to buy? Something has happened in the housing market that has disrupted the normal flow of family sized housing from empty nesters to young families. What is one of the biggest causes of this housing crisis? Watch this video to find out how the Boomer generation has turned the family housing market on its head.
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Thanks for this larger scale broad context of the real estate wealth!
Thanks @techsucks - this is a very interesting subject and I think it will have an effect on the real estate market for years.
People are in no way obligated to move from their homes when their kids move out. That's crazy to expect that! I am NOT downsizing EVER!! I paid for my home, I'm going to die in it.
😂 Michah - you are not the only one!!!!
@@movingtoatlantaga I suspect not. A home is a very big deal and I like where I am.
Maybe some people are smart and paying off their houses so they have no mortgages and just keeping them until they die? I mean, I’m in my 40s, and when I’m remodeling I’m already planning for my home nursing years lol
You are thinking ahead! Make sure if you re-do your bathrooms that you put blocking in the walls so you can install grab-bars later.
@@movingtoatlantaga Lol I already installed the grab bars. They are stainless, they will still be fine in 20 more years when I need them.
Maybe people renting out short term rentals is a big part of the problem. Why else did houses disappear almost overnight? My suspicion is the post baby boomer generations are the ones trying to rent out houses short term, not the boomers. Maybe younger generations need to look at themselves.
Maybe so. I still think a lot of the problem, especially in Georgia, is the institutional buyers (like Black Rock) buying up whole neighborhoods of single family homes for rental.
if the institutional investors are buying up houses for rentals then they are placing them on the rental market. That does not decrease the amount of rental houses. Making the houses short term rentals however does decrease the amount of traditional rentals. Within 10 miles of me there are over 800 properties listed on Airbnb. Check out how many are in your area.
Why should Boomers sell their homes? They shouldn't move. Into what? An overpriced condo with HOA fees? A 1200 sq foot house that sells for half a million? No way
I would imagine most Boomers won't move until they have to (assisted living, for example).