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[quote=Anonymous]I live in an expensive in-city neighborhood on the west coast. What we’re finding out here is that boomers who are not downsizing in price and downsizing minimally in size are the ones who are buying. Our neighborhood has traditionally been university professors and medical professionals, and recently has been dominated by tech workers with young children. While many families want to move here because of the housing stock and ok school, plus a few neighborhood amenities that are rare in our area, the few houses that are selling are ALL going to 70-80 year olds who are relocating to be near their adult children. The adult children all live in slightly less nice nearby neighborhoods. The boomers who are relocating and buying may be downsizing because they’re buying 2000-3500 sq ft houses after living in 4000 sq ft houses on the east coast, but they’re clearly paying cash and are probably not paying any less than what they sold for. Our zoned elementary is shrinking fast and soon there will be rezoning to pull in kids from crowded, more affordable areas

Our newest neighbors just moved here from northern VA and they’re 1 of 4 older couples in our 10-block area who have done that. And nothing else is really going on the market because the existing boomers have nowhere to go, so our neighborhood feels like a 55+ community. [/quote]

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