Wednesday, March 13, 2013

The Next Housing Bubble?


I put my 83-year old mother's house on the market last week.  Get out your calendars - - the senior sell-off is one of those demographic certainties that you can calculate with a little census data and a calendar (remember the saying that "demographics is destiny").

See The Great Senior Sell-Off Could Cause the Next Housing Crisis.  From the article:

"In the coming years, baby boomers will be moving on (inching further through the python, if you will). “They will want to sell their homes, and they’re hoping there are people behind them to buy their homes,” says Nelson, director of the Metropolitan Research Center at the University of Utah. He expects that in growing metros like Atlanta and Dallas, those buyers will be waiting. But elsewhere, in shrinking and stagnant cities across the country, the story will be quite different. Nelson calls what’s coming the “great senior sell-off.” It’ll start sometime later this decade (Nelson is defining baby boomers as those people born between 1946 and 1964). And he predicts that it could cause our next real housing crisis."

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