4 ms·
My sons worry a lot about this. In my (non-economist) mind, this will sort itself out in a few years. All the old people that own homes will die. Those homes
by DougN7 2y ago
My sons worry a lot about this. In my (non-economist) mind, this will sort itself out in a few years. All the old people that own homes will die. Those homes will be empty, and everyone moves up a level, or prices are forced to drop from lack of demand (or ability to purchase). The one thing that really screw up my scenario is private equity buying up homes, and maybe AirBnB-type companies renting what should otherwise be on the market. Those could (and should?) be fixed with legislation.
- mikewarot 2y agoPrivate equity firms are vacuuming up houses as they become available. Aging out of homeowners isn't going to help, sorry. Yes, governance is the answer.