2 ms·
Yeah. The great wealth transfer, the estate of dying boomers transferring to their grandchildren, is only just starting. It's not going to be a windfall, it's
by trgn 4y ago
Yeah.
The great wealth transfer, the estate of dying boomers transferring to their grandchildren, is only just starting. It's not going to be a windfall, it's going to completely flood into real estate. It's basically what happened in the more densely populated Western European countries already, a ratchet up. Americans are in for a rude awakening.
- klipklop 4y agoSorta doubt it in already HCOL areas. Many of these grandchildren do not own a home. They will move in. There will be random 'old people' communities in Arizona that will get totally wrecked in value, but the expensive areas will stay expensive. If they sold those homes they would never be able to buy back in. Nobody is going to sell a South Bay area home they inherited from their boomer parents. They will rent it out or move in. A massive windfall for them.
- trgn 4y agoI think we're saying the same thing, I probably misphrased. Grandchildren will use grandparents estate to cling on to homes in hcol. That boomer wealth is just going to stay locked up in real estate. Any sale of meemaws home will fund downpayment for little Sally. That's the ratchet up.