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A comment on Baby boomers are snatching houses out of the hands of millennials. Parent comment

Re:Baby boomers are snatching houses out of the hands of mil... by onecommentman on Saturday October 16, 2021 @10:01PM (#28893341)
The younger-than-Boomers (ytBs…is that an actual acronym?) have something they can do about investors buying properties. If you control the estate of Boomers who owned residential property, sell the house(s) to people who will reside there, not use it as rentals or as an “investment”. Might get less money upfront, but you will sleep better at night.

Another thing ytBs (looks ugly, might not use) could do is develop aging-in-place tech to make it unnecessary to rent that second house. Aging-in-place is already much cheaper than nursing homes

https://journals.healio.com/doi/10.3928/19404921-20110802-01

What new tech would allow the elderly to age-in-place more efficiently? The elderly are too old to develop it themselves…

[ Parent | on HN ]
Re:Baby boomers are snatching houses out of the hands of mil... by GaryTang on Sunday October 17, 2021 @12:01AM (#28893839)
I don’t agree with the premise that there is a problem with boomers buying a home and renting it out to someone who would rather rent than own.

I see the problem is rather monopolies and hedge funds buying homes by the thousands and driving up the prices in select markets.

[ Parent | on HN ]