Baby boomer real estate bubble to pop
Bob Morris @ Feb 11th 2008 00:14 - Category: Credit crisis
Just as real estate prices might start normalizing by 2010 or so, more downward pressure will hit the market, according USC researchers. By then, large numbers of baby boomers will start retiring, and will be selling their homes. Thus, in many states, more houses will be on the market than there are buyers for them.
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Oneunder on 15 Feb 2008 at 10:19 am #
The fact that this is right around the corner seems to be catching many by surprise. It makes one shutter to think of how many retirement plans are based the “value of their houses”. We boomers never accepted the fact that a house was/is an expense.