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I am failing to see an actual "weight" in the matter. I mean: >Millennials also make up 42% of all homebuyers overall, first-time or not. And while baby boomer
by jaclaz 9y ago
I am failing to see an actual "weight" in the matter.
I mean:
>Millennials also make up 42% of all homebuyers overall, first-time or not.
And while baby boomers make up a much smaller portion of homebuyers, the two generations may end up competing for the same type of home, despite being in completely different phases of their lives.
WHO (which "group" they belong to) are the remaining 58% buyers?
HOW MUCH is "a much smaller portion"?
Let's say that the much smaller portion is 25%.
The amount of houses where there is (supposedly) competition between the two groups is then - at the most - 25%.
And since:
>"Millennials buy a 1,800-square-foot home on average, and a baby boomer buys a 1,950-square-foot home. The other generations are away from those."
Any home smaller than 1,750-square-foot and any home bigger than 2,000-square-foot should then not be something these two groups compete for.
How many of these "suitabe size" homes are on the market?
Do they represent 25% (or less than 25%) of the total amount of homes?
So, what happens to the other 75% (or more)?