Posted on 11/23/2023 5:18:59 AM PST by EBH
Further, 17% of all owned homes are occupied by single or married seniors with two or more spare bedrooms.
“The surge of spare bedrooms speaks to a mismatch in the housing market, at a time when so many feel there are too few options available,” Salviati said.
Seniors aging in place are keeping a significant share of single-family homes unavailable to younger generations, according to Salviati. It’s why, in part, it’s hard for millennials to break into homeownership.
(Excerpt) Read more at newsnationnow.com ...
...and have saved a healthy down-payment or have help from parents.
It isn't necessarily overpopulation that is driving the policies in the US. But the Ponzi scheme we call Social Security and Medicare does require an ever increasing number of working age people. That's why the government is so determined to keep importing large numbers of people.
I remember when "overpopulation" was a major talking point of the left. And some people chose to have smaller families. But now we supposedly have a shortage of workers and need to import people, even though more American adults are not working.
The "geometric growth" the government cares about is the growth in people paying Social Security and Medicare taxes who are years away from receiving payments.
Take the article seriously please, you see what is going on with this mass migration, they have plans, they want your property.
That was my first thought as well.
comrade kaprugina delivers a scolding:
https://youtu.be/mq__Z-Z_Ofs?si=QDYmY9PenmcGSgzU
With the increase in work at home opportunities it is entirely possible for young folks to live in low cost of living areas and get paid high cost of living wages.
They just need to stop saying “I can’t” or “I won’t” and just get it done.
I have a GenZ embedded in one so I am doing my part.
Shoot, our three cats own the place. Just ask them.
We do have a mortgage, but our two vehicles, the ATV and the tractor are all paid for. That puts us way ahead of most folks who are up to their necks in debt for cars and toys.
Oh, I know what you’re saying. I look in the two spare bedroom/store rooms and wonder how it all happened.
Then I close the door and go away.
Yes but some want others to take the load for them HELLO Mom Dad ....................................
The higher prices affect seniors, too. They might want to sell their larger homes and move into smaller homes, but the smaller homes cost too much for them now.
“our three cats own the place.”
I hear ya! Our three cats do, as well. Back when we had rescued a feral family we had eight indoors for several years. We didn’t stand a chance.
I agree and disagree with you. Many of these millennials expect to have the 3000sq ft house in the perfect area.
It is not so much as an inventory issue as it is affordability issue. I live in a small 1300 sq. ft home that many would snub their nose at. But it is 3 bedrooms with a beautiful yard, access directly to a park system.
Today’s modern lifestyle requires(?) every room to have a big screen tv, computer/work station and large closets.
In the future ...once they get us old folks out of these homes and into the senior ghetto systems, the homes will be knocked down and replaced with more unaffordable housing.
The article complains there are no starter homes, possibly not as many as the 1950’s because the boomers are downsizing on their own. Maybe they should stop complaining and demand builders build start homes, affordable homes instead of the pricey things they have kept putting up for several decades.
It is a double edged sword. Personally...they can wait another 10-15 years for my house.
Um, NO.
Those darned seniors, owning their own homes and stuff! /sarc
How about Bidenomics? Doesn’t that factor in?
You can put 13 families into this house, you old fart!
The truth of their hypocrisy hurts - yet the Liberal estabishment folks feel immune to any criticism .
Typical "do what I say,..- not what I do ".
There it is, those poor displaced Gaza innocents are in dire need of new homes... in 3, 2, 1.
They must offset the over 65 tax exemption. Next it’ll be the homestead exemption.
2 decades ago, my wife at age 63 fell and broke her shoulder and had a long recovery period.
Part of our thinking process during her recovery was discussing this reality of Aging at home or ????.
She officially retired, and we went to the big HMO in our area for our healthcare. We opted for a younger doctor, who had worked with my wife before her fall.
We discussed staying in our home with our adult offspring, and they thought that it was a good plan. One is a construction project manager and he suggested that we discuss our plans with our contractor.
The contractor had been through that process with his parents and MIL. Between the two of them and my wife’s experience as an RN re treating seniors. They came up with a
plan re then, now and in the future.
We ended up with a total walk in shower, hi rise toilets, ramps to get into and out of our home and basically a separate living area of about 1/3 of our large home and a visitor area in the rest. We had 2 HVAC installed with separate thermostats. One of our living area and one basically for visitors and set at 60 degrees. That enables us to live comfortably and keep our utility bill much lower than our neighbors.
We don’t need a caregiver now, but one of our bedrooms now has its own private shower/sink/toilet and two good sized closets. A private entrance is available.
Then, we saw how many senior citizens, who were forced to die alone due to Covid B$ in hospitals and nursing homes, and the difference of good hospice care at home.
All of our younger siblings have done or will do the same aging in process.
Also, our off spring and nieces/nephews are or will do the same re Aging in Place.
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