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Supply of housing has not kept pace with population since then. So you have more people chasing relatively fewer houses. Also compare a 1960s or 1970s house to
by SoftTalker 5mo ago
Supply of housing has not kept pace with population since then. So you have more people chasing relatively fewer houses.
Also compare a 1960s or 1970s house to one built today. Today's houses are bigger and much more luxuriously appointed, with gourmet appliances, stone countertops, multi-head showers, walk-in closets, huge bathrooms, etc.
Once the boomer generation dies off or goes into assisted living you'll see a lot of those 1970s houses coming back on the market.
- ghaff 5mo agoThe house I live in has one small bathroom. It was probably built before there was indoor plumbing. (Early 1800s.) A back of the mind concern when the day comes I end up selling but not much I can do about it. The house has had a lot of upgrades over time but some things can't be easily changed.
- bluefirebrand 5mo ago> Once the boomer generation dies off or goes into assisted living you'll see a lot of those 1970s houses coming back on the market But will they be affordable? Or will they be bought up by real estate conglomerates to be rented to the younger generations?
- SoftTalker 5mo agoMore supply should make them more affordable. Buying a house was never "easy." Some people seem to think that minimum wage workers were buying houses back in the 1970s and that wasn't the case. At all.