3 ms·
This is speculation on my part, but I think the wealth transfer from the baby boomer generation to their kids is playing a part. I've seen estimates ranging fr
by k2enemy 5y ago
This is speculation on my part, but I think the wealth transfer from the baby boomer generation to their kids is playing a part. I've seen estimates ranging from $30 to $70 trillion to be passed down.
At least anecdotally (in the United States) I have many friends in their 30s-40s that are buying new homes with money from their parents. Or their parents buy the home and they live in it.
- mymythisisthis 5y agoIt is wealth transfer from Baby Boomers to their kids. Demographics also plays a role. We saw a massive boom in the 1950s, 1980s, and now in the 2000s. This boom is less sharp, and more spread out then the previous ones. The war generation all had kids between 1944 and 1950 (5-10 year span). The Boomers all had kids in the mid 70s to mid 80s (10-15 year span). The children of Boomers are now buying houses. So it's a longer cycle, this time around (15-20 year span).
- Supermancho 5y agoI don't think so, especially with the relative wealth erosion over the last 50 years. This also doesnt explain the timing. We should have seen a more gradual increase, not such a sharp increase. I suspect it's people cashing out of more expensive southern metropolitan areas (semi/coastal cities). These are investments by climate refugees who can work remotely.