Opinion: Are baby boomers ruining the housing market for everybody else? (via latimesopinion)
the way they used to, and that the average duration of staying in a home has risen from six years before the 2008 crisis, to nearly 10 years today. Moreover, if survey responses of older homeowners prove accurate, this trend will continue, limiting the supply of resale listings, and potentially pushing up home prices in markets with limited new construction and strong demand.
And before you panic and abandon plans to buy a retirement home in Sun City or Delray Beach, consider a different perspective about the predictions of massive deflation in such communities. Numerous academic studies have found that differences in house prices across cities are more closely related to variability in employment rates, to growth in real incomes and to construction costs than to demographic shifts.
How seriously should we take predictions of boomer-induced home price concerns? When it comes to predictions of future real estate prices, caution is warranted. Consider two famous examples.published by two well-respected Harvard economists predicted that the aging of the baby-boomer generation would reduce the demand for housing and cause a significant decline in real home prices.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
The 2020s Will Be A Tipping Point For Elder Care In The USThe first Baby Boomers will turn 80 in just five years, making the new decade a tipping point in elder care.
Baca lebih lajut »
Hot Property: Tom Brady looks to score in the Massachusetts housing marketTom Brady and wife Gisele Bündchen are seeking $33.9 million for their roughly five-acre estate in Massachusetts. Also: The longtime West Hollywood condo of Diahann Carroll has come up for sale, and a Disney actress lets go of her longtime L.A. home.
Baca lebih lajut »
Hot Property | Tom Brady looks to score in the Massachusetts housing marketTom Brady and wife Gisele Bündchen are seeking $33.9 million for their roughly five-acre estate in Massachusetts. Also: The longtime West Hollywood condo of Diahann Carroll has come up for sale, and a Disney actress lets go of her longtime L.A. home.
Baca lebih lajut »
Two Views on How Trump’s Tax Cuts Have Worked OutA White House insider describes a marked shift in the labor market, while an outside economist sees a short-term boost and a lasting deficit increase.
Baca lebih lajut »
A 'cave house' in Arizona is on the market for just under $1 million - Business InsiderA 'cave house' blasted into the side of a mountain in Arizona is on the market for just under $1 million. Here's a look inside.
Baca lebih lajut »
This $32 Teddy Coat Is Exploding in Sales on Amazon — See Real Women Wearing ItThe name of the game this season is cozy. If we could be warm and cuddly 24/7, we would. Thankfully, Amazon is making our wish a reality with lots of cute
Baca lebih lajut »