I had similar hpusing related “i’m the smartest guy in the room” belief some years back.
I was looking at broad amounts people were retiring on (not enough) in the US and then extrapolated that these older folks would have to sell or get second mortgages just to live.
And since the baby boomers are retiring , I thought (with no more data or numbers to back me) that we would see signifigant downward pressure on housing prices.
But of course as long as this doesn’t happen in large piles , in large numbers of zipcodes and sort of in a short amount of time , then its not an issue.
Over decades in large parts of the world facing demographic challenges yeh. Not here.
I had similar hpusing related “i’m the smartest guy in the room” belief some years back.
I was looking at broad amounts people were retiring on (not enough) in the US and then extrapolated that these older folks would have to sell or get second mortgages just to live.
And since the baby boomers are retiring , I thought (with no more data or numbers to back me) that we would see signifigant downward pressure on housing prices.
But of course as long as this doesn’t happen in large piles , in large numbers of zipcodes and sort of in a short amount of time , then its not an issue.
Over decades in large parts of the world facing demographic challenges yeh. Not here.