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Real Estate
Reply to "Is there going to be panic selling?"
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[quote=Anonymous][quote=Anonymous]PP hit the nail on the head. There's a lot of people here "stuck" in INSANELY low mortgages and it would take a lot to get them to leave when they can cover their mortgage via driving Uber or UberEats, working retail, tutoring kids, etc. It might have been this thread or another that someone said we'll see the "great hunkering down" for the next 15-25 years - my guess is high prices and low supply are here to stay (at least close in) until all the boomers die and Millennials retire and supply matches population better. Many boomers are planning to "age in place" too re recent studies/data so that further constricts supply. I think Millennials will be stuck holding the bag though when they go to retire and sell in 2050-2060 and there's not enough buyers due to declining birth rates, US limiting immigration, etc. [/quote] Many millenials will inherit their boomer parents' home. That is our plan and that of most of our circle. [/quote]
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