Quote:
Originally Posted by Knalus
Speaking of housing, property, and how the different generations fit in to the bigger picture, what do people think is going to happen in 15 years?
I mean, right now, boomers are, at the youngest, 57 years old. The oldest of the bunch is 74 years old.
In 15 years, they will end up being 72-89 years old. Will they still be as involved in the owning of property, the upkeep of homes, and all it entails? Would it perhaps not behoove the Millennials to wait for 10-15 years? I mean, what would the market look like then?
What will the market then look like for all of us?
|
This is something I'm wondering as well. For all of those boomers who are sitting on big houses in the suburbs, happily thinking they'll cash-in when they downsize, who do they think is going to be buying these homes? Millennials are living in the cities and having smaller numbers of kids or no kids at all.
I kinda think more than a few are going to end up taking a bath on houses, or at least taking less than they were expecting, when the time comes to sell.