Tidal wave of 21m homes but who will buy them?

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  #16  
Old 11-26-2019, 07:32 AM
valuemkt valuemkt is offline
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First world problem for the next generation. Didn't buy down here worrying about resale. Next home will be about 6 and half feet long and 20 some inches wide with a top.
  #17  
Old 11-26-2019, 08:00 AM
ColdNoMore ColdNoMore is offline
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Who will buy houses in the future?


Millennial's - Richest Generation (Poke Here)

Quote:
A study shows that Millennials will hold five times as much wealth as they have today and the group is anticipated to inherit over $68 trillion from their Baby Boomer parents by the year 2030.

This will represent one of the greatest wealth transfers in the modern times.
  #18  
Old 11-26-2019, 08:30 AM
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People move to Florida for the weather, so as long as it is cold and snow up north, people will be moving to Florida.
  #19  
Old 11-26-2019, 09:10 AM
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Originally Posted by ColdNoMore View Post
Who will buy houses in the future?


Millennial's - Richest Generation (Poke Here)
Don’t tell that to the government, they will want to grab a big chunk of that wealth transfer.
  #20  
Old 11-26-2019, 09:15 AM
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The sky is falling, again.






.
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  #21  
Old 11-26-2019, 09:37 AM
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Originally Posted by dewilson58 View Post
The sky is falling, again.






.
No worries, just went outside and looked up into the sky. Everything is in place and nothing is falling!
  #22  
Old 11-26-2019, 10:42 AM
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graciegirl: “I have read that 40% of all Americans don’t have $400 bucks in the bank”. I’ve read the same. Yes, there are many successful young folks out there that fall into another category of working hard and making more money than grandpa and grandma combined did at their age. Large cities like N.Y. And Chicago are great places to visit but not for me to live there.
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  #23  
Old 11-26-2019, 12:16 PM
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Originally Posted by graciegirl View Post

BUT...no one could pay me to live in Manhattan. Nope.
I couldn’t agree more. During my long career in finance/investments/portfolio management, I was often recruited by just about every investment banking firm on Wall Street. I could have easily made over ten times what I earned during my career, but there was no way I was going to sacrifice the quality of life that I enjoyed living in the country and commuting to Hartford. I can happily say that I will never go to NYC again in my lifetime.
  #24  
Old 11-27-2019, 08:08 AM
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Quote:
Originally Posted by Ashley from UK View Post
Another youngster investing in their future (same as me 😃).
Interesting comment about younger generations. We see the same thing in the UK. My parents saved hard for their first house. Moved in with no furniture. I did the same. Sacrificed life for a home. Now I’m ‘old’. (53), I can look to retire young move to TV and enjoy my missed youth. British kids seem to have a different approach. Lavish holidays, nice cars (mine is 14 years old), fine clothes nice restaurants. That is more important than saving $2500 a month on rent and putting it into a mortgage... still they lookto usand our parents and think ....
I have three boys under the age of 31 all are employed, two are college graduates and they are exactly what you describe. Add in they don't even seem to care a bit about marriage. I guess we are the old men who will soon be yelling to stay off our lawns. Have a great day and I hope we both end up in TV first drink is on me. Enjoy!
  #25  
Old 11-30-2019, 12:40 PM
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Originally Posted by Craig Vernon View Post
At age 53 I have given this much thought as I see the younger generations not as interested in owning homes or property of any kind. You can actually see a bit of a divide between the northern and southern sections of TV. The value in the north is not of that in the south yet the homes are very new by home standards. Interesting subject and only time will tell. I think the key is make yourself happy and let the heirs determine the rest.
They are valued less because they have less amenities and are farther away from the squares
  #26  
Old 11-30-2019, 01:20 PM
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Reports indicate that the current inventory nationally is sufficient to meet the demand for the next 25 years. (of course that ignores negative and positive growth areas). After the baby boomers are gone (meaning us) there will be fewer people in the 55 plus age group
  #27  
Old 11-30-2019, 02:07 PM
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Even after the year 2040, there are over 250,000 people retiring EVER MONTH.


Plenty of demand for warm Florida or Arizona.




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  #28  
Old 11-30-2019, 02:49 PM
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You might find the baby boomers from all of south Florida moving to TV land, like we did. Really low land elevation will have problems with water intrusion in the coming years. We were at 5 feet above sea level and got tired of mandatory evacuations during hurricane season. We are now around 90 feet above sea level. How long will it be before banks stop loaning money for homes in low lying areas? I think lots of people in south Florida might find TV land their next move. And I agree about the future.
  #29  
Old 11-30-2019, 03:26 PM
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Quote:
Originally Posted by Ben Franklin View Post
You might find the baby boomers from all of south Florida moving to TV land, like we did. Really low land elevation will have problems with water intrusion in the coming years. We were at 5 feet above sea level and got tired of mandatory evacuations during hurricane season. We are now around 90 feet above sea level. How long will it be before banks stop loaning money for homes in low lying areas? I think lots of people in south Florida might find TV land their next move. And I agree about the future.



Think of the values in TV with beachfront property lots.



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  #30  
Old 12-02-2019, 08:14 AM
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According to a recent poll in NJ, 50% of NJ residents plan on bailing out of NJ in 5 years--these people are mostly under 40--primary reason taxes & COL
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