Baby boomers bought up many of the big homes

 

Boomers are on top in a housing market where tight inventory, higher interest rates and steep prices are making homeownership less affordable for the average family. 

Many of these older homeowners paid off their mortgages on properties that have appreciated tremendously in value. 

 Many are working longer or planning on an active retirement, and are in no rush to move to a retirement community. 

About 28% of all U.S. homes with three or more bedrooms are owned by people between the ages of 60 and 78

Wall Street Journal 13 April 2024

https://www.wsj.com/economy/housing/baby-boomers-big-homes-real-estate-inventory-3a047cb6

När man frågar någon bekant, som haft framgång på bostadsmarknaden och nu har en bostad värd ett antal miljoner, om en inte skall casha in, får man som regel svaret att man måste ju bo någonstans.

Men arvingarna har inte det problemet. De bor redan någonstans, kanske i en bostad som de kunnat köpa med hjälp av föräldrarna. 

Bostädernas värde handlar om väldiga belopp som skall överföras till nästa generation.

https://englundmacro.blogspot.com/2022/05/arvingarna.html

The greatest wealth transfer in modern history has begun

https://englundmacro.blogspot.com/2021/07/the-greatest-wealth-transfer-in-modern.html

 

Family money plays a key role in helping members of younger generations afford homeownership. 

Homeownership gives a family the ability to amass wealth that can be passed down to the next generation.

https://englundmacro.blogspot.com/2024/06/the-great-wealth-transfer.html

RE: Förutsatt att centralbankerna ser till att tillgångspriserna fortsätter uppåt. En kär plikt.