Seriously consider downsizing. I just put some rental property on the market because I don't want the hassle anymore and it's a seller's market.
It also fixes global warming.
I’d love to downside. I just can’t afford the divorce.
Some boomers are going to get stuck upside down and some Millennials aren’t going to retire on their inheritances.
I’m crying for millenials after reading this article.
Shame on me for staying in my own house and not going to live with my kiddos.
Good Grief. Quit Bellyaching.
We bought a house in February of this year in Florida. It was against my better judgement because we already owned a large house and could not afford to own two houses. We put our old house on the market in April. It sold in two days with 8 separate offers. All bids were for at least 15% more then asking and waived inspections and appraisals. I almost felt bad for buyers, it was very competitive and overpriced. We even had liberals come in and try to game the system and offer bonuses if we accepted their offer before giving others the chance to bid. In the end, we sold to a young couple that was obviously conservative and was not even the highest bid.
When rates nudge up (and they will), prices will come down quickly.
When I bought my first house, it was during a real estate spike, and interest rates were over 10 percent. No picnic for this boomer.
I am in the process of downsizing. Same size house, but no basement. 20 years accumulation needs to go.
Makes complete sense that a productive generation is supposed to do better than a nonproductive generation...
BOOMERS have discovered the joy of fixing up their homes and flipping homes for maximum profit,
Go to Zillow.com, set your budget, pick a state, search. Be flexible and creative. There’s plenty out there. MOVE. You don’t get to pick a place just because you want it - when others want it too and are willing to pay more for it.
Our commercialism culture teaches youth they can have what they want - unfamiliar with competing for strictly limited supply vs high demand.
There are plenty of starter homes available. But millennials expect to buy a house right out of the box like the one their parents had after years of work and saving.
“Boomers snatching homes out of millennials hands”
Wow can these “journalists” be any more direct in creating artificial groups of Americans and then pit them against each other?
And we wonder why why there is so much divisiveness , the journalism industry manufactures most of just like in this article.
We are selling both of our properties and buying a homestead in the mountains. The market is just too good to pass up.
For your interest.
That’s hysterical. Every Boomer I know has HELPED their kids buy or rent a house. A lot of us write them checks on a semi-regular basis to keep them afloat.
Another article trying to start trouble.
i live in a starter home, it was built in 1885...
We downsized to a smaller home, but with price increases it now exceeds the home that is 30% larger across the valley. Location, I suppose. Insanity, I’m certain.
Boomers moving South or going Rural?
This is the oligarchs trying to distract you from the fact that three multi trillion dollar oligarch hedge funds are buying all the available real estate coast to coast. Too bad most will never connect the dots.