Reply to The median Boomer has a housing cost of $612. That includes taxes and insurance.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If it was economically feasible for them to downsize, more would have been doing it. They face the same constraints the rest of us do if they try to downsize. Limited availability of small houses, hassle of selling / buying, and the price difference between their large “as is” sale and a small dwelling in same area doesn’t make financial sense for them. It’s the lack of housing options that keeps them in place.[/quote]

Oh they have options….they just don’t want to pay for it. Don’t want to pay capital gains on home sale. Don’t want to pay more for less square footage, despite being newly renovated or in a better location.

Boomers want Big. [/quote]

I really don't get the criticism here.  So people who are retired or are nearing retirement don't want to (i) lose a lot of money in taxes, or (ii) increase their housing costs.  And this is somehow . . . bad?  They should be doing something different?  Seems responsible to me.

Can you explain how they are doing something wrong?  [/quote]

They're not doing anything wrong. Legitimately, if your housing price is $612 a month, then there's no reason for you to move. What's the alternative? Save $150 a month and be further from your friends and become totally socially isolated?

I thought the point of the original post is for people to stop hoping that boomers will randomly decide to give up their homes because it would make 0 sense for them to do so.

The posters who have pointed out that housing starts have decreased have hit the nail on the head here. We need more housing.[/quote]

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