Reply to Baby boomers to kill the housing market?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If Boomers sell and drive down prices, that helps the millennials who can't afford a home right now. But it hurts those who already have homes - e.g., Gen X. But Gen X is probably used to the Boomers screwing them by now.[/quote]

When the houses of the boomers sell, it will many times be because the owner has died. So, who will get that money? The Gen Xers. So Gen X will actually come out all right in the end. 
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Hmmm not necessarily.

Lot's of Boomers are cashing out on their homes, getting "reverse mortgages", etc.   There will be nothing for their Gen X kids to inherit.[/quote]

Don't a lot of Boomers have kids who are Millennials and not Gen X? My mother was born in the first year that's considered part of the Boomers and I'm her oldest and the only one of her kids who is Gen X, and just barely. My 3 younger siblings are all Millennials. [/quote]

Your mom is 78 now and had her three younger kids when she was in her late 30s/early 40s. She is probably in the minority for people her age. More people who are in their early to mid 70s now were likely to have their kids in their 20s to early 30s, so those kids would have been born in the 1970s, so Gen Xers today.

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