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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Mike Johnston who wrote (26070)12/16/2004 5:09:41 PM
From: AC FlyerRead Replies (1) | Respond to of 306849
 
>>However, i don't buy this argument about demographics and baby boomer housing demand at all......Where have baby boomers lived all this time that they suddenly need so much housing ?......Most of the demand is speculative......I know people buying 2,3 properties, parlaying their gains<<

You know what, Mike, I am not going to try and persuade you. It does take a certain willingness to spend some time thinking about how spending propensity by age group and the relative sizes of those age groups translates into aggregate economic behavior. But thinking is painful. Hell, I do it a lot and it still makes my head hurt.



To: Mike Johnston who wrote (26070)12/16/2004 7:53:22 PM
From: TradeliteRead Replies (1) | Respond to of 306849
 
<<Where have baby boomers lived all this time that they suddenly need so much housing ?>>

The key point isn't how much housing the boomers need for themselves. The key point, as I see it, is how much housing their offspring (aka, the kids of boomers) will need while the boomers are still alive and kicking and need housing themselves.

People aren't retiring and/or kicking the bucket at age 65/75 anymore.


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