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Mortgage Broker News | 16 Dec 2014, 10:59 AM Agree 0
Historical predictions of an oversupplied housing market caused by a mass exodus of baby boomers from their residential homes have been debunked by a new study.
  • Private Lender Inc. | 16 Dec 2014, 02:51 PM Agree 0
    I am baby boomer and now at 60 I want even a bigger house as for the last few years I have I wanted to spend in a gradioso environment. Some people are saving and die rich, I want to have a good life and saving is important though, I am not sure I can take anything with me. So that is the secret with baby boomers, some frugal, most not. You only have one kick at the cat, so to speak, enjoy... who is with me?
  • judy | 16 Dec 2014, 02:59 PM Agree 0
    Clogging the housing market?Who writes these things? Baby-boomer get blamed for everything but building this country, which we, our parents and grandparents did without texting and Facebooking all the time. We worked under much tougher labour conditions, longer hours, and paid onerous interest rates on mortgages that we paid down while raising families in our youth. Let us rest and enjoy the homes we worked so hard for as long as we want them.
    We don't want to be forced into "rabbit warrens" any sooner than necessary!
  • Appraiser | 17 Dec 2014, 01:25 PM Agree 0
    I have been hearing about the glut of baby-boomers homes hitting the market for at least 20 years. At first, it was postulated that boomers would start selling their homes en-masse in their late 40's and 50's to prepare for retirement. Didn't happen.

    Then it was the sure-fire theory that they would all sell and down-size at age 65, which for the leading edge of the boomer cohort is right now. Not happening.

    The housing bears need a new theory every week.
  • Ross Kay | 18 Dec 2014, 11:03 AM Agree 0
    When you have economists and analysts who have not been educated about how a homeowner will naturally transition throughout their Lifetime of Ownership, you get headlines that sell books but don't allow objective municipal planning from taking place.

    Leading Edge Boomers want to move but they want their next home to mirror their benefits their current home provides. No, building in any major municipality has even considered this fact because it is not taught at any North American University.

    Boomers will only free up their existing home to a new family when they either have a viable next home option or their health deteriorates. Life Spans and Youthfulness are increasing, not decreasing as was the premise used in all urban planning education.
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