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I expect housing to get a lot cheaper when the boomers actually need to wring some liquidity out of the real estate they've been holding (hoarding) to pay for e
by neutronicus 6y ago
I expect housing to get a lot cheaper when the boomers actually need to wring some liquidity out of the real estate they've been holding (hoarding) to pay for elder care.
Even if they do something like barter free housing for live-in care instead of selling, you expect a big effect on the rental market and a corresponding effect on the value of investment properties.
- toomuchtodo 6y agoI think this’ll be governed by how quickly their health declines, how easy it is to borrow against their equity (and the bank liquidating the property after they’ve passed), and how aggressive local jurisdictions are with clawing at assets to pay for long term care (Medicaid, five year look back). The can keeps getting kicked.
- dragonwriter 6y ago> I expect housing to get a lot cheaper when the boomers actually need to wring some liquidity out of the real estate they've been holding (hoarding) to pay for elder care. Boomers are between 56 and 74, a lot of them already have either liquidated real estate holdings by downsizing even if not explicitly for care, or passed it on, whether inter vivos or by inheritance (because quite a lot of them have died, and you can't take it with you.)