Housing Bubble 2: Return of the Ugly

Baby Boomer Housing Market Statistics

• More than half of boomers who currently own a home (54%) never plan to sell it and hope to live in it for the rest of their lives. 
• 90% of boomer homeowners have concerns about homeownership as they age, with maintenance/upkeep issues and rising costs the most common. 
• Nearly two-thirds of boomers who own homes (65%) expect to profit more than $100,000 when selling their home, while 40% expect to clear $200,000 or more.
• More than three-quarters of boomer homeowners (76%) say owning a home is the primary reason they’re financially secure.  
• Almost half of current boomer homeowners (46%) would consider themselves failures if they didn’t own a home.   
• Fewer than half of boomers (47%) required a double income to purchase their home.
• Half of boomers who have owned a home (50%) bought their first one for $75,000 or less, while almost two-thirds (64%) paid less than $100,000.
• 42% of boomers believe younger generations had an easier time than they did buying a home in their 20s. 
• Only 6% of boomer homeowners say their biggest challenge when buying their first place was that homes were too expensive. 
• When factoring in inflation, just half of boomers (50%) believe they would still be able to afford a home today.
• Among boomers who have never owned a home, two-thirds (66%) say they regret never achieving that milestone.
  •  Nearly two-thirds of this group (63%) say they simply couldn’t afford to buy a home.
• About half of boomers who once owned a home but don’t now (47%) wouldn’t*recommend homeownership to younger generations, but barely a quarter of current boomer homeowners (27%) feel this way.
• Boomers view themselves as the generation least responsible for the affordable housing crisis, a view held by 41% of respondents.
• 69% of boomers feel the government should do more to help first-time home buyers afford a house.
• About two-thirds of respondents (65%) believe America would be a better place to live if more people prioritized homeownership.
• 87% of boomers think buying a home was part of the American dream when they were younger, but only 73% think it still is.
• 57% of boomers believe younger generations could afford homes if they tried harder, and 64% believe younger generations could be homeowners if they were more responsible.

So incredibly, infuriatingly out of touch.

Well, at least they'll die soon enough.

I feel like when they're is a mass boomer extinction we'll have a major surplus.

Similar to those bullshit antiques they hoarded as their retirement plan and the fact that I've inherited 3 platinum dish sets that were purchased for the equivalent of $7500 in the 50's and current day can't give them away.

Well, when all the boomers die, they'll be plenty of stock, but no one to fill them so houses will be cheap cheap cheap!