To: Obadiah
I wonder what will become of the single-family home in 20-30 years. Many who now live in them (including myself) could not afford to buy in today's market. Once we're gone, will there be enough people with a large enough income to buy those houses? Will the price go down, or will the houses be razed in favor or apartments? Based on what I'm seeing now, I'd bet on the latter.
Government is increasingly banning new development in undeveloped areas, so if the population increases, that increase will be shoehorned into existing developed areas, which means the destruction of single-family housing.
To: Steve_Seattle
I wonder what will become of the single-family home in 20-30 years.Ha, ha. That's what reverse mortgages are all about. People are becoming so destitute that they are selling their only remaining asset back to the bank to have a bit of remaining crumbs to live on. The banks, in turn, will flip that property to a developer for apartments or whatever.
21 posted on
04/30/2015 9:35:19 AM PDT by
Obadiah
(Israel had King Manasseh, America has Obama.)
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