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A huge demographic is aging out of real estate ownership. There are far fewer Gen Xers than Boomers. Even if Millennials had the same economy the Boomers had, t
by cestith 7y ago
A huge demographic is aging out of real estate ownership. There are far fewer Gen Xers than Boomers. Even if Millennials had the same economy the Boomers had, they're a full generation behind the Boomer's retirement curve.
So, yeah, there aren't as many people producing demand for these houses even before considering different tastes in living style. It's a bad investment to put your life's savings in something with a plan to resell it to a less interested market. Either retire into it and get the use out of it or don't put your money there.
The market is just correcting in a quite foreseeable way.