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Real Estate
Reply to "Will houses ever become affordable again?"
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[quote=Anonymous][quote=Anonymous]Boomers are responsible for most of the home purchases since COVID. They are the ones with the cash, they are a big generation. Some are downsizing. But many of them are just adding to their RE portfolio without shedding properties - adding a vacation home, building their new construction "dream home," or simply up-sizing to something nicer. They also are severely tax adverse and don't want to sell if it incurs a big tax bill. In short, lots of housing is effectively locked up by high rates, rich Boomers who loathe taxes, or professional investors crowding out owner-occupants. The only way to "unlock" housing is through policy change or a major recession. [/quote] Well, the boomers will die off, so the supply will come back on the market. It may take 10 or 20 years though. [/quote]
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