You're right, people who bought at the peak of the market (me) took quite a loss when selling their homes in today's market. Also, there are foreclosures and short sells, more than most people realize.
But you are right, the baby boomers are really kicking into gear now. More demand than homes. Plus as you said, most working couples are fine financially in here.
We know 2 women who bought with their boyfriends and when the boyfriends left, they couldn't make the payments. Both ended up in foreclosures and the women have no money now. Sad.
There are hardship cases. I know a couple of people who were flipping homes and they got caught. But the majority of us are doing fine, even if we bought when the bubble was peaking.
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