Boomers won't let go of their homes

Taxes, upkeep, change in location, generate income for travel..those will be influential factors for us.

 

I proudly resemble that remark.

 

What music does Tucker listen to?

 

We've looked at these a bit, is yours a land lease deal?

 

We had someone get on our neighborhood Facebook group and in a very passive aggressive way suggest that people whose kids were done with school should sell their houses since they are in the #1 rated district in our county.

 

you have 2 microwaves?

 

What's that? Does it entail sitting in a rocking chair on your porch on a busy street?

 

Amen! It's even better from a porch.

 

What’s up with the collective thinking on literally everything. So now you blame older people who have paid off their homes and enjoy them as the reason some whiny entitled shi- can’t find a different house ? Is it now a radical thought to take responsibility for yourself without finding someone ELSE to blame about everything. What a bunch of puss—-

 

They do whine incessantly about the nation they’ve left behind. Debt they racked up. Children they’ve raised. But it’s always someone else’s fault.

 

I took the OP as an explanation as to the housing shortages in certain size ranges. Try decaf.

 

Look out you’ll break a hip

 

Got the T-shirt. The Yoga ladies think it’s a hoot. I tell people a neighbor gave it to me.
I Pee Outside

 

Reviewing plans, contracts, construction disputes, pay requests, change orders, liquidated damages, contract extensions, zoning cases, stormwater permits, etc for lawsuits and mediation hearings.

Owners, contractors, neighbors, third party impacted parties, all need licensed, recognized consultants to review proposed or existing plans and contracts to ensure their interests are protected.

Attending depositions, listening, noting questions...mostly all related to zoning, permitting, easements disputes, construction.

Something I can do myself and do it intermittently and largely remotely. And something that pays well and I already qualify as.

Would prefer to do photography and drone videos but not sure I can make that pay as well. Part time tour guide around Alaska or Iceland might be interesting if I could build a clientelle for customized small party trips. Let someone else pay for my travel and/or second home.

 

Laying one out for GL homes right now. Over 400 acres. They have an entire product line of over 55. Valencia

55+ Communities in Florida

 

I know people who are inhibited from downsizing because they have so much stuff.

 

The largest hindrance are interest rates. It just happens to be that it's mostly boomers who are sitting pretty with their lovely 2 and 3 percent interest rates. And who can blame us? Why would you trade that out for a 7 percent interest rate on a mortgage and pay a premium on the housing market on top of that? If we look at home prices today versus household income, homes are still selling at an enormous premium versus historical relative to household income.

The model was broken with the ultra low interest rates and the boomer generation settling into their later years. Throw a pandemic into that mix and yeah, nobody wants to sell their home unless they have to. Something will have to change in a big way to get things back to the way they used to be wrt housing. Boomers just happen to be the beneficiaries of the low interest rates and so of course, we're not selling anytime soon unless we acquire a significant incentive to do so.

 

Land and construction prices aren't coming down, people are still coming, and investment properties are funded by deep pockets. Private owners are locked in at old prices with low rates. Other than the bnb crowd, where is the product supply to bust? Im not seeing it. Daughter needs to buy, hope you are right, but Im not seeing it.