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There is a huge amount of stored wealth locked up in homes that will be sold in the next 10-15 years from boomers dying or downsizing.
by Aloha 7y ago
There is a huge amount of stored wealth locked up in homes that will be sold in the next 10-15 years from boomers dying or downsizing.
- Retric 7y agoHomes are largely proxies for other wealth. Individuals don’t own subway systems or good schools, but access to such things are extremely valuable. Aka, location, location, location. This is why the home prices are so unstable they are propped up by demand for such access not the structures themselves. Counter intuitively this creates huge downward pressures on property values as boomers move or die off.