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I was told that aging demographics will result in lower real estate prices. All that is happening is that rural areas are dying out and the young move to urban
by imtringued 3y ago
I was told that aging demographics will result in lower real estate prices. All that is happening is that rural areas are dying out and the young move to urban areas. There is no free lunch. No, this generation's parents looking for a home don't move to the middle of nowhere, they move to the suburbs of the larger cities.
Inheriting a house from your parents also won't be as good of a deal as you are thinking because that home is only worth it if you can't find a job in the city or if it isn't in your dying hometown.