3 ms·
My long term prediction is that once the boomers start dying off in droves, we'll face a real estate crisis as their houses flood the market...and many less des
by jb775 6y ago
My long term prediction is that once the boomers start dying off in droves, we'll face a real estate crisis as their houses flood the market...and many less desirable neighborhoods throughout suburbia will turn into mini ghost towns.
- qubex 6y agoI come from northern Italy and during my relatively brief lifetime (length(life.qubex)>40) I’ve seen this happen to formerly exclusive “Beverly Hills”-type affluent residential areas (and un/gated communities). Enormous, cavernous hangar-sized homes that used to be worth millions of euros now struggling to sell for a couple hundred thousand.
- rwmj 6y agoYou're describing Japan, now. Large numbers of abandoned houses, towns in rural areas emptying out, and the process is accelerating. An interesting article: https://spikejapan.wordpress.com/2014/08/16/yubari-withering-into-truth/ https://spikejapan.wordpress.com/2014/08/16/yubari-withering...