Reply to Example of how housing prices have far outpaced inflation

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[quote=Anonymous][quote=Anonymous]It's mostly boomers just hoarding homes to become landlords. The median age of all homebuyers is now 56, up from 31 in 1981.

The great boomer die off is going to be one of the most volatile real estate collapses the world will see.[/quote]

That is more of a Gen X and Millennial thing. Boomers are born 1946 to 1964 so are 61-79 years old. Most old folks on my block have one home they lived in forever. The GenX and Millenials have the most rentals. They were old enough in 2009-2020 period when homes were cheap to snap them all up but young enough to manage them and young enough to buy them and still be alive at end of 30 year mortgage.

A  lot of Boomers I know got burnt hard in real estate. They bought trade up houses in Spring 2003-2008 or retirement or second homes in Florida and saw the price collapse.

Gen Z has it worst. They were far far too young to buy pre 2020 when homes cheap and far to young to even buy in 2020/2021 when rates were cheap. Now they are nearing buying age and both homes and mortgage rates are unaffordable.      [/quote]

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