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[quote=Anonymous][quote=Anonymous]Everyone is jumping on OP but it’s probably accurate that part of the housing crisis in the areas with good school districts and commutes is because of things preventing empty nesters from moving out of those areas.  Current high interest rates is one of them especially compared with the run up in values that we saw over the past decade or so in some of the retirement areas.  The problem is that this is the back end of the boomer generafion—[b]the front end retired a decade ago and drove up the demand in all those retirement areas.[/b]  [/quote]

This, plus Covid. My DH and I retired to a very nice, but relatively undiscovered, coastal area about six years ago.  It wasn’t cheap then — we bought a great house close to the water and walkable to downtown for just a little less than we sold our somewhat smaller DC house for. Today, our house is worth at least double what we paid. We had people knocking on our door asking if we wanted to sell during covid. They are building new housing developments on the outskirts of town as fast as they can, but there are only so many houses in a great location. [/quote]

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