“Boomers Bought Up the Big Homes. Now They’re Not Budging.”
April 17, 2024
“Baby boomers bought up many of the big homes across the U.S. when they were raising their families. Now they’re staying put, even though their kids are all grown up.
Boomers are on top in a housing market where tight inventory, higher interest rates and steep prices are making homeownership less affordable for the average family. Many of these older homeowners paid off their mortgages on properties that have appreciated tremendously in value…”
https://www.wsj.com/economy/housing/baby-boomers-big-homes-real-estate-inventory-3a047cb6
It seems to me this article is trying to make it sound like Baby Boomers are somehow at fault. No. Inflation which is affecting home prices is the governments fault. It’s not because boomers wont sell.