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#finance #realestate #business
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It doesn’t mean anything to be Working class or middle class anymore… The only thing that matters is if you own a home or if you don’t.
The home you live in now statistically makes more money than you do and the last hope that a lot of young people have to catch up is getting a house gifted to them by a relative… which begs the question. What happens to the real estate market when all the boomers… die?
There is an old saying that the best time to start investing was 30 years ago, the second-best time is right now. But that conventional wisdom might not hold up in today’s market. Buying a home at the right time could set you and family up for financial security for the rest of your life. The only thing is, the right time was when you were still in school and if you try to buy a home now you will be taking on record high interest rates, record high prices AND record low availability all at the same time… People sell homes for two reasons, because they want to and because they HAVE to. Nobody who already has a home WANTS to sell it because most Americans have been able to lock in record low interest rates. If they sell their house and buy another one, they will get a new mortgage at interest rates which will TRIPPLE their payments on a home of the same value. According to data from the national association of realtors, eighty-seven percent [87%] of new home purchases are made using a mortgage, and the average down payment of a first home buyer is only seven percent [7%]. This means higher mortgage rates are worth avoiding at all costs.
A report by the wall street journal found that even when homeowners moved interstate, they would hold on to their homes and rent them out and then rent another house to live in… Everybody that wants to sell their home is waiting for interest rates to fall. Everybody who wants to buy a home is also waiting for interest rates to fall. And everybody who is stuck renting is being forced to compete with people who already own a home but don’t want to sell it because they have locked in a sweet interest rate.
The players in the real estate market are in a Mexican standoff, but the renters are stuck fighting with a Banana. The only hope for people who just want to buy a home is to get it off someone who NEEDS to sell. According to another report published by the national association of realtors the average home seller in America was SIXTY!! [60] years old!
So it’s time to learn How Money Works to find out why you probably won’t benefit as much as you are hoping from the boomers passing down their homes……(read more)
LEARN ABOUT: Investing During Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
The real estate market has been heavily influenced by the baby boomer generation for decades. As this large generation begins to move into their later years, many are left wondering what will happen to the real estate market once they pass away.
The baby boomer generation, born between 1946 and 1964, has had a significant impact on the housing market throughout their lives. As they entered adulthood and started families, there was a surge in demand for single-family homes in the suburbs. This led to a boom in home construction and contributed to the development of suburban communities throughout the United States.
Now, as the baby boomer generation begins to enter retirement age and ultimately pass away, there are concerns about what will happen to the real estate market. One of the most significant impacts will likely be felt in the housing market, as many baby boomers will leave behind homes that will need to be sold or transferred to new owners.
As baby boomers pass away, their homes will become part of their estate and will need to be either sold or transferred to their heirs. This influx of homes into the market could potentially lead to an oversupply of housing in certain areas, which could put downward pressure on home prices. Additionally, if there are not enough buyers to absorb the excess inventory, it could lead to longer days on the market and a slowdown in the real estate market.
On the other hand, some experts believe that the passing of the baby boomer generation could create new opportunities for younger generations to enter the housing market. As baby boomers pass away, their homes will become available for sale, potentially opening up more affordable options for first-time homebuyers. This could help to stimulate demand in certain areas and provide younger generations with more opportunities to enter the housing market.
Another potential impact of the passing of the baby boomer generation is the shift in housing preferences. As baby boomers age, many may choose to downsize or move into retirement communities or assisted living facilities. This could lead to a greater demand for these types of housing options, as well as for age-restricted communities and other types of senior housing.
Overall, the passing of the baby boomer generation is likely to have a significant impact on the real estate market. It will be important for real estate professionals and policymakers to closely monitor these trends and prepare for the changes that are likely to come with the passing of this large and influential generation. Although there may be some challenges in the short term, there are also opportunities for new growth and development in the housing market as the real estate landscape continues to evolve.
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It's not even late stage capitalism anymore.
Watch as boomers discover immortality just as they are about to die
I literally remember being 17 years old in the mid 90s in my old neighborhood… and I looked at at the plots of land, and the $90‚000-$150‚000 houses in the area wishing I could buy one.
Not all Boomers (people born after 1946 and up to 1955 or 1960?) will die at once. They will die in a range of dates and those homes might be on the market or put in trust and turned over to relatives (smart)
Boomers would say "to each their own"
just like the gate of the great natsee buchenwald deathcamp said: "Jedem das seine".
People seem to forget in what f'ed up times these people were raised by war traumatized and propaganda brainwashed parents and what it did to them.
Curiously leading to that Basf/IGfarben heir who is giving the capitalistic deathcamp slave fortune of her family away as she want's no part of that.
something you'll never ever see a boomer do.
But then, the lady would never be able to spend it all on herself anyway like boomers do.
Yep, when the boomers can't profit no more from the slave plantations or the deathcamps old money from their parents they don't mean shit.
And now they want their children to jump the burning hoops for that slave money inheritance they've probably already spend most on themselves after they dumped them in front of the Tv and neglected them as an example on how family life should be.
Housing is not a right or entitlement.. pretty simple.
I bought my first house 12 years ago, I'm 48 soon. I'm that time I built a $4mill portfolio and night my boomer parents property to get them out of business debt. I'm buying more property soon and have some overseas as well. Stop complaining, do what you need to to get ahead and stop whinging
Record high interest rates he says, 6.5% on a mortgage is better than what your parents got
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
I love how real all of this is an the fact it demonstrates the main problem with housing, the profit incentive.
Everything is predicated on the newer generations coffing up more money for a home than the prior generation did and more houses so they can make money, leading to the current cost problem. Given this, we begin seeing the housing either bought out by large companies or kept by people to rent so they can make money, decreasing supply and further increasing prices.
Every decision was made because someone wanted money and not because people need houses, leaving use in our current state.
That any all other aspects of wage theft from coprations which are caused, again, by the proffit incentive.
I guess it really doesn't matter to me if I own a home or not. I just prefer not living outside during winter so it would be nice for things to be affordable.
Keep in mind that during the 80’s people were encouraged to save due to the interest rates. Right now there’s very little incentive to save because those who are saving are watching those who are reckless taking it in. I’ve been trying to save for a home and it’s been discouraging to watch prices continue to not budge because there’s people willing to get into a mortgage where they’re paying 40% of their income. It’s insane.
my wife and I aren't rich, but we have two young kids, and plan to leave them at least 3 houses as well as several million dollars when we leave.
So there’s no hope or future. Good vid lmao
So we're fucked no matter what.
1. Build more.
2. Why in the world mortgage aloowed for anybody outside of first home buyers.
Nothing will happen, because of the massive influx of new people.
I’m so glad I bought my home when I did. I was able to do that because I never had kids, got married, took out student loans, or a car loan. I also lived in a warehouse/storage unit for two years to save up, and I went through a non profit that helps first time home owners.
My best advice is to put off having kids as the big corporations are FREAKING OUT over the birth rate decline.
They need to be deprived of new consumers in the system they created.
BUT there is also the slow Depopulation (genocide) going on.
We limit how many houses that can be built with zoning laws and they wonder why we have a housing shortage.
One thing that would help America is spreading the wealth of the country out over the entire lower 48 states. So much wealth is concentrated in so few areas that people are forced to move to those areas. A person can buy 50K houses all day long in America but no one wants to live in economically depressed areas. There are cities giving houses away if only the taxes are paid on them. Abandoned houses are everywhere in America.
Looks like the world is in need of some good old fashioned communism.
The housing crisis alone will destroy this fucking country.
There’s a channel called The Rich Have It that is word for word copying what you say
I’m 44 now and bought my first house in 2010 here in Portland Oregon. We were still coming out of the recession so houses were dirt cheap at that time and I managed to find a local credit union that was still doing 100% loans so I jumped on it. The mortgage payment was hard to deal with for like the first couple years, but once the economy improved I was able to refinance and get the payment lowered down quite a bit. Kept that place until 2017 when my wife and I sold it and bought a much larger and nicer home with a 20% cash downpayment thanks to the profit from that sale. Long story short – once you’ve bought your first house, it gets way easier to buy your next one
Lesson of the story: billionaires have conspired to steal your homes, money, and children. Poor people most affected.
Once you see the taxes, insurance, and shady mortgage details… you won't be so proud to own a home. Unless you truly can afford to waste money.
Buying homes as an investment instead of living in them should be illegal. Okay, while I am not 100% behind, I would vote for it. But what about people who buy a home, live in it for X amount of years, decide they want to upgrade for whatever reason. Will we force those people to sell and not rent if they don't want to?
This video took a long time to not say very much, but the housing market will blow up long before all the Boomers die.
Hugh gains to be made in tent company stocks and long to mid term mobile accommodation. I can also see an upturn in demand for sturdy large cardboard boxes. Our first world economic system is a bad joke when it comes to essentials like affordable shelter.
The first house I bought was at an interest rate of 11-3/8%. I bought it out of Repo. It had broken windows, a hole in the floor, dirty, hookers and crackheads in the ally between the strip joints and my back yard. I cleaned it. Fixed the windows and floor. Gave it some paint and BOOM. Sold it for 3x what I paid. It's called SWEAT Equity, Kids.
This is the thing that revolutions are made for.
All the property gets bought by investment firms
The incompetence and corruption that runs through this administration are getting more ridiculous. I feel for people with disabilities not getting the help they deserved. I appreciate Dora Hobbs, imagine investing $1000 and receiving $7,300 in 3days.
I should have been building a downpayment when I was 3 instead of building legos
Housing becoming an "investment" was a huge mistake. There should be a ban, you either live in it, or you don't get it. SIMPLE.
Can we just idk shift-delete Blackstone and Blackrock?
sorry, that's not what "peer-to-peer" means…
The economy of the country (America), which is unfortunately about to crash according to the statistics of so many intermediaries and observations,China and most countries in Europe that are not involved in war and have good growth in their economy, giving their citizens a better life and support in their country.
I may have disliked your video, but it's not because I didn't like it. It just made me really depressed and I can't see shit like this rn when I'm desperately looking for a house that won't completely screw my life up.
what happens when all the boomers die?
all the massive rental companies buy their houses
I was lucky, Based on assessed value, I couldn't afford my house now. The assessed value is double what I paid after just 11 years. Mayor says skyrocketing house prices are a good thing. It's insane.
Thanks boomers. Yet another way you screwed the next several generations
Big fat change needed
Not sure how to point this out, but there's a vid "The Future of Real Estate: Baby Boomers Leaving Homes" that seems to be a straight rip off of this video.
Let me stop you right there.
"Boomers" are not going to suddenly all drop one day.
They are slowly dying off and being slowly replaced by Generation X… Which will then be slowly replaced by milenials over the decades to come.
What will happen to the market?
Nothing.
Im the 25 thousandth like