Reply to Boomers can’t downsize

Forum Index » Real Estate

Reply to "Boomers can’t downsize "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]I don't think current elevated home prices are sustainable.

There is no way we could even afford to buy in our own neighborhood where we purchased in 2016. If some of our elderly neighbors sold, they still could barely buy a decent condo in this general area for the same price.

A bigger issue are the houses standing empty because the heirs don't want to sell them, for whatever reason. [/quote]

If they’re near an urban area with limitations on multi family housing, the prices will absolutely be maintained. My city has increased in population by hundreds of thousands of people since the pandemic began. Commutes are long and challenging even with many people still doing wfh. Heirs (and in the case of my city, overseas owners) will absolutely hold on to an asset that is stable or increasing in value. That’s the entire problem of housing as an investment vs. a place to live.

Now if you’re talking a townhouse an hours’ commute away, that’s different.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics