Boomer SFH Glut Coming (by Live The Dream [AZ]) Jun 24, 2019 10:18 AM|
Boomer SFH Glut Coming (by myob [GA]) Jun 24, 2019 11:06 AM
Boomer SFH Glut Coming (by S i d [MO]) Jun 24, 2019 11:15 AM
Boomer SFH Glut Coming (by WMH [NC]) Jun 24, 2019 11:43 AM
Boomer SFH Glut Coming (by AllyM [NJ]) Jun 24, 2019 12:22 PM
Boomer SFH Glut Coming (by David [MI]) Jun 24, 2019 1:38 PM
Boomer SFH Glut Coming (by John... [MI]) Jun 24, 2019 3:25 PM
Boomer SFH Glut Coming (by WMH [NC]) Jun 24, 2019 4:30 PM
Boomer SFH Glut Coming (by AllyM [NJ]) Jun 24, 2019 6:06 PM
Boomer SFH Glut Coming (by AllyM [NJ]) Jun 24, 2019 6:09 PM
Boomer SFH Glut Coming (by GKARL [PA]) Jun 24, 2019 10:11 PM
Boomer SFH Glut Coming (by Live The Dream [AZ]) Jun 25, 2019 1:28 AM
Boomer SFH Glut Coming (by Ray-N-Pa [PA]) Jun 29, 2019 7:52 PM
Boomer SFH Glut Coming (by Chris [CT]) Jul 1, 2019 9:13 PM
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Boomer SFH Glut Coming (by Live The Dream [AZ]) Posted on: Jun 24, 2019 10:18 AM
Interesting article on Morgan Stanley regarding the coming baby boom housing glut. Or not. Looks like the NE fares less well than the west.
My own conjecture is future urban housing will be more immigrant centric as native population decreases. How that affects housing I'm not sure. Multiple generation under one roof?
Gluts may depress markets long term. Seems like resort areas will remain strong, unless the middle class is priced out.
Boomer SFH Glut Coming (by myob [GA]) Posted on: Jun 24, 2019 11:06 AM
OK Hennie Penny!!!!!
Lets see Morgan Stanley-- oh that's right the housing people? NOT!
Don't put no money in that building? STOCKS that's the safe place. Stocks the system that's been rigged for 100 years.
Question: how many "regular people" have become multi millionaires in the stock market? Next question how many regular people have become multi millionaires in home investing-- ON THERE OWN. NO Broker? --99.103.xxx.xxx
Boomer SFH Glut Coming (by S i d [MO]) Posted on: Jun 24, 2019 11:15 AM
There have been similar articles about baby boomers selling off their stocks/mutual funds/bonds/etc portfolios and "flooding" the market with securities, thereby depressing prices and making everyone's IRA/401K look stinko for a 1-2 decades.
Maybe...maybe not. Crystal ball is murky. Seems reasonable, but that assumes Gen X and Millenials don't quickly scoop up bargain price stocks. I think the same will be true for well-located real estate in markets that have a strong economic base.
I think where we WILL continue to see fall off in demand is in McMansions. Boomers are downsizing and Gen-X is too small to absorb all of the 6-8 bedroom, planned golf community houses. Notice how the article totally skipped us (*wink)? Gen X...the forgotten generation. *sigh. Everything I read says Millenials for the most part are not interested in large homes. The article also mentions vacation homes: I think everyone after my generation see those as a cost-sink and are more willing to rent/AirBnb nice vacation homes vs. own them all year.
Anyway, it's all conjecture until it happens, but meanwhile I'm going to continue reducing debt and improving my cash position to take advantage of buying opportunities. Personally, I wouldn't mind seeing prices on 3-4 bed homes fall so I could hop into Class B units for 30% off. The market will continue to adjust until Demand catches up to available supply. --173.20.xxx.xxx
Boomer SFH Glut Coming (by WMH [NC]) Posted on: Jun 24, 2019 11:43 AM
MYOB, so true about becoming even a millionaire in the stock market vs. real estate. And there's something to be said for CASH FLOW vs. Equity too. I prefer the nice steady flow NOW instead of "someday" when we sell (or die.) --50.82.xxx.xx
Boomer SFH Glut Coming (by AllyM [NJ]) Posted on: Jun 24, 2019 12:22 PM
Well since I am a Boomer I will chime in. With Reverse Mortgages that allow the elderly to stay in their homes longer, it might be a slower process and allow the absorption of the homes as rental properties. Time for you guys to jump in and buy. Stocks will be passed to sons and daughters since the Pres has removed the inheritance tax. Although various states may have one. I lost 37K when Mom passed due to NJ tax. Fortunately there was a trust that saved much more. Just keep voting R and it will all fall into place. The economy being stronger will bring manufacturing back home from cheating China. Immigrants will take up the slack. Problems will be regional. My 401K and my buildings and stuff will be divided among my heirs. --173.61.xxx.xx
Boomer SFH Glut Coming (by David [MI]) Posted on: Jun 24, 2019 1:38 PM
No such thing as "glut" or "shortage." The invisible hand will compensate by adjusting price accordingly. --144.250.xx.xx
Boomer SFH Glut Coming (by John... [MI]) Posted on: Jun 24, 2019 3:25 PM
Trump didn't remove the inheritance tax, Ally. He raised it from $5,000,000 to $10,000,000 (and through a few other things is now basically up to $22,400,000 for a couple).
Again, it was $5,000,000 before. That was probably plenty for most people... You likely don't need to "vote R" to keep from worrying too much there...
Boomer SFH Glut Coming (by WMH [NC]) Posted on: Jun 24, 2019 4:30 PM
John, I think NJ still has an inheritance tax separate from the federal limit, but Trump has nothing to do with that anyway. --50.82.xxx.xx
Boomer SFH Glut Coming (by AllyM [NJ]) Posted on: Jun 24, 2019 6:06 PM
Governor Christie ended the NJ inheritance tax for children a few years after they got me for 37 K. I think the current Pres has ended it except for huge companies. I will check. --173.61.xxx.xx
Boomer SFH Glut Coming (by AllyM [NJ]) Posted on: Jun 24, 2019 6:09 PM
When my Mom passed the federal level was 600.000 and if I had let the first fake appraisal by a realtor stand, I would have been paying federal also. That was in 2006. Fear the Death Tax because an Executive Order can change it and due to that you must vote R to survive it. President W Bush had lowered the death tax but the law sunsetted in 2010 I believe. Not sure what the progression was from there but it must have been huge with D party in charge. --173.61.xxx.xx
Boomer SFH Glut Coming (by GKARL [PA]) Posted on: Jun 24, 2019 10:11 PM
We're going to downsize over the next couple of years. We have a large 4 bedroom house, but the kids are almost all gone. All we need is a 2-3 bedroom house. As I look around me, most of my neighbors are at least 10-15 years younger than I am (I'm 63) and I'm figuring that they'll be no shortage of move up buyers once we get to that point. --209.122.xx.xxx
Boomer SFH Glut Coming (by Live The Dream [AZ]) Posted on: Jun 25, 2019 1:28 AM
Well I didn't think about the article quite like some of y'all. But in the past 8 years I have made a million dollars in the stock market with my RE profits. Does that count? I WOULD have made a lot more if I'd listened to my spouse more.
We downsized about five years ago. Went from 3,600 to 1,400 sq ft. THAT was a mistake! Waaay too small. But what a view! I've had half my furniture wrapped up in storage for five years. Next home I hope will be around 2,400-800 sq ft. we don't want a lot of upkeep as we get older. --47.216.xx.xxx
Boomer SFH Glut Coming (by Ray-N-Pa [PA]) Posted on: Jun 29, 2019 7:52 PM
Too think that somehow - I survived my youth in a mere 3 bedroom one bath house
Is that what the youth of today expects? There are plenty of homes ALWAYS available. Perhaps the answer is learning where to create that extra 1/2 or full bathroom --24.101.xxx.xx
Boomer SFH Glut Coming (by Chris [CT]) Posted on: Jul 1, 2019 9:13 PM
Morgan Stanley missed whats happening, all my friends are starting to buy houses.
Instead of doing the house in the burbs and the kid thing in our 20's my generation is doing it in our 30's.
IMHO A few more years and the trend will become apparent.
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