Don't listen to him everobody! I tried putting an avocado in my toaster and it just made a mess.
Posted on 04/27/2023 11:22:00 AM PDT by millenial4freedom
In a recent report from the Indiana University Center for Real Estate Studies and the Indiana Business Research Center, researchers said Millennials — who are between their mid-20s and early-40s, are in the prime-homebuying age — have pushed up home prices in recent years as demand outweighs supply.
But the situation will start to reverse over the next decade, as Baby Boomers begin age out of the housing market. Meanwhile, post-Millennial generations will be smaller as population growth slows.
That could lead to an excess of housing, potentially pushing down prices and sparking a crash in the real estate sector.
"Plainly put – a generational housing bubble is on the horizon. New housing built now to meet strong demand may sit vacant in a decade. Demand reversal will intensify by the mid-2030s, when the annual number of homes that seniors add back to the market is expected to be 40% higher than current levels," researchers said.
(Excerpt) Read more at msn.com ...
I put institutional folks like Black Rock et al far more to blame than any age group of buyers.
plenty of foreigners, legal and likely some unlegal finding ways to buy up
I rehabbed over 20 homes never paid more than 20k purchase price on any of them.. this was back in the early 2000s.
I got out of it because I got tired of dealing with the BS... but who knows may do it again.. there is one close by asking 14k, but its a MAJOR rehab. entire interior will need rebuild, reframed, etc.. and I assume every major system will need upgraded as well.
There are still cheap houses to be had, but most of my rehabs were not complete rebuilds.. Update major systems, update kitchen/baths, and repaints. Now a days those sorts of deals are not selling for 20k or less.
bkmk
send the illegals, dreamers, whoever not here legally out of the country and magically, plenty more homes, apartments etc, crime drops too! I’ll plant my.
Housing shortages are cause by poor land use planning.
No one who hasn’t already own a can buy a single home with a yard in California as prices are $800,000. You also have the HOA fee and the property tax rate and the very high utility rates.
there it is...
Just looked an the same quality of houses in about the same areas are going for about $12,000. Once again, about the price of a used car. Can get an even better deal if you are willing to work on the property.
as Baby Boomers begin age out of the housing market.
Is that a nice way of saying we are going to start to die off?
When the Chinese communists are in charge single family housing will no longer be needed
Hopefully the real estate bubble will crash hard (90%+) within a year or two.
Then we can buy the bigger house with tons of land, and after that I don’t care what prices do.
“the # of homes being bought by investors has gone up some:”
Is that why I keep getting “we pay cash for houses” cards in the mail frequently?
I’ve been getting those for over a decade
And the millions of invaders?
Yes you are just faced with the crashing dollar.
Don't listen to him everobody! I tried putting an avocado in my toaster and it just made a mess.
lmao
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.