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The single biggest generational transfer of wealth in human history. https://en.wikipedia.org/wiki/Great_Wealth_Transfer https://en.wikipedia.org/wiki/Great_We
by phs318u 9d ago
The single biggest generational transfer of wealth in human history.
https://en.wikipedia.org/wiki/Great_Wealth_Transfer https://en.wikipedia.org/wiki/Great_Wealth_Transfer
- alexjplant 9d agoI sincerely wonder how this is going to work given the large divergence in lifestyle preferences between these generations. Real estate especially will be an interesting one - lots of young people either cannot (due to employment situations) or actively choose not to live in the areas that their parents did. What will happen when these houses hit the market? How will this huge supply increase affect the people who do live there? Nobody I know is moving to Pennsyltucky to live in their parents' house even if it's free... will it crater property values for all of the hard-working townies who sunk their money into their own homes?
- lotsofpulp 8d ago>will it crater property values for all of the hard-working townies who sunk their money into their own homes? It already has. Rural land prices going down in real terms is a decades old thing.