Posted on 01/23/2024 5:03:10 AM PST by where's_the_Outrage?
Which is not a problem, as long as you can still manage your property. That’s not the issue. The issue is that baby boomers are all pretty close in age, within 20 years. That represents a lot of property that will be coming on the market all at once. That surplus in property on the market is going to result in depressed valuations and homes will not sell for their maximum prices, as opposed if fewer homes came on the market.
That’s my point. It’s your right to stay on your property until they carry you out in a pinebox, but if you’re looking for maximum sale value, trying to sell your home when millions of other baby boomers are also trying to sell their home is probably not the best time to be doing that.
Selling a house has become an increasingly expensive and bothersome proposition.
That is a whole other issue. No one wants to sell in New England/NH because there is so little available to buy.
I subscribe to a YouTube channel called Reventure Consulting. The guy has been calling most US real real estate markets down for the last couple years. His most recent episode listed several markets up here in New England that he said were way overvalued in relation to what people’s average income in that area(one of chief metrics).
The problem is that there is NO inventory to purchase in most of the cities and towns here in NH. The houses/condos for sale are about 30% of average. Any fool knows that real estate is overvalued. Plus we literally have been going up around here for about 13 years straight. Real estate typically goes up in seven year cycles. It has finally started to level out. Which means houses are actually lasting on the market for more than a few days. Up until last fall a house would come on the market. They would schedule an open house the following Saturday. They would have multiple full price and several over price offers.
For example, I sold my previous house 13 years ago for $260K. I had owned it for 17 years and paid $175K for it.
The people I sold it to put it up for sale last summer for $595K. It sold for $700K. It was a 2000 sq ft house. Those people who bought it paid the top. Somebody had to.
You don’t get to decide anything for yourself these days.
It’s hard for older people to dispose of their houses and to relocate. That being said, they should, if possible, make the effort, especially if they can no longer maintain their homes and they have relatives who are willing to help the relocation.
I downsized from a 4200 sqft 2 story house to a 3200 sqft 1 story house, and it is just rainwoman and me. Have not had kids in the house since 2008.
Current house is 4 bedroom + office. Master bedroom (no, I will never call it the primary no matter what the woke mf’s say) is for me an wife. One bedroom is guest room. Wife works from the office, I converted a bedroom to my office. Because I work from home. Converted another bedroom to a gym. House is the perfect size.
I might choose to move somewhere smaller when I decide it is time to live off my equity and retirement, but for now, there is no reason for me to inconvenience myself so someone else can have my house.
Money is not why STAR exists.
STAR exists to keep dependant voters.
People with money have been fleeing the state for decades.
And to pad the census stats.
So, a live-in maid and/or groundskeeper. Nobody rides for free.
I have no doubt that’s on someone’s political “to-do” list.
Obozo needs two mansions on two different islands.
It is royal blood ya know.
>>>seniors moving out of 2 story homes makes sense, and they don’t have to downsize, just get a large ranch.
>>>However, I believe when people look at all the crap they’ve accumulated over the years they don’t know how to get rid of it so it’s easier just to stay in the current home and let the heirs deal with it.
MIND READER!!
When I added on an addition, I planned to turn the first floor into a pseudo ranch. Works for me. A number of my friends are going the chair lift route. I had a rich cousin whose aging was really affecting getting to her 2nd floor bedroom and thought she was crazy waiting to get her elevator fixed when she could afford it. She did finally.
And, yes, let the heirs deal with the clutter. After all, we did it in our turn and watched our parents do it for our grandparents. Empty nest, not empty house.
I “need” one less house than Bill Gates has.
Lol.
Business Insider: You can fit 13 families inside this house!
Sounds too easy.
As I mentioned in an earlier post in 2011 I used an auction company to get rid of most of my crap. Put a lot of stuff in the garage and they sold right half of garage and left half of garage.
The auction company also said do not throw anything away, people can and will buy it.
For about 6 months before the auction I sold a lot of stuff thru Craig’s List, and now there’s FB market place. Get rid of stuff people are buying then auction the rest.
You’ve hit it. They want to eliminate the current America and import hell.
A property with space could be a cell of resistance. Families coalesce, support, and defend themselves.
They need to isolate people into easily managed clumps without means for subsistence or defense. No depression-era banding together will be permitted!
Then they can “grant” the millions of invaders the places thus vacated and recreate Zimbabwe and South Africa.
This is argument #2,481 to get rid of everyone over 75 years old.
There it is, 3 bedrooms but undefined sq ft. Remind me again how many extra rooms and extra sq ft millennials think they need. There’s the required man cave and kids’ rec rooms with snack bars and the wife’s craft room. A double sized gourmet kitchen with a wall of wine with its own fridge and a coffee bar and juice station. A locker room sized mud room. A laundry room as large as a Boomer’s bedroom. Enough bathroom space to have the tub placed away from the wall (how do they clean around it?) with the shower separate, a bidet and certainly can’t share sinks and there must be enough counter area to stage a complete beauty salon. Of course, every person, dog, cat and bird needs their own full sized bathroom. They lose at least one bedroom by turning it into a shoe closet and their clothes closets must be huuuuge walk-ins (maybe they could invest their shoe budget for a house). Then there’s the pool and the fire pit and maybe a basket ball court. The back porch must have a meal prep set up with a big @$$ grill or 3 and enough patio area to host the neighborhood. And the deck must be large enough to land a helicopter -— oh, yeah, I saw someone trying to do that over the summer. It didn’t work but everyone survived.
LOL, I am one of those “boomers” living in a paid-off house - through years of hard work - that is FAR more valuable than when I bought it (as a wreck). Husband and I spent decades and countless dollars to upgrade everything to get it to just how we like it - including beautiful gardens that I put in myself over the years.
There is plenty of room and comfort to entertain family and friends, including an outdoor fireplace that we built ourselves.
Now some snot-nosed reporter is telling me I have “no right” to use up so much housing and should “give it up.”
My kids will get the house and property when the time comes and that will be their inheritance.
American progressives have no original thought. Everything they propose is derivative of some existing program in the UK.
The revolution has been lost and America s beholden to the loyalists of 1776
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