Re:U.S. Weighs Selling 50- and 100-Year Bonds After Yields P...
by Aloha on Saturday August 17, 2019 @06:30PM
(#20726836)
There is a huge amount of stored wealth locked up in homes that will be sold in the next 10-15 years from boomers dying or downsizing.
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Re:U.S. Weighs Selling 50- and 100-Year Bonds After Yields P...
by Retric on Saturday August 17, 2019 @08:26PM
(#20727361)
Homes are largely proxies for other wealth. Individuals don’t own subway systems or good schools, but access to such things are extremely valuable. Aka, location, location, location. This is why the home prices are so unstable they are propped up by demand for such access not the structures themselves.
Counter intuitively this creates huge downward pressures on property values as boomers move or die off.