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

To: MoneyPenny who wrote (49401)	3/3/2006 2:28:36 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

good point. So add that and a fresh $500k tax free and head to Florida.

To: MoneyPenny who wrote (49401)	3/3/2006 2:31:32 PM
From: patron_anejo_por_favor	Respond to of 306849

>>Their parents are dying and inheritance plays a much bigger part into the second home scenario than anyone ever mentions here. MP<< Grace has mentioned it a few times. I think GW's point is that in 15-30 years the Boomer's will have had a substantial die-off. Not tomorrow....<G> Although I think the market has been well aware of that for, well, forever.....I don't think the long bond has been well bought for that reason, however, I think it's because of foreign central bank purchases as a way to recycle the once almighty ClownBuck....in response to the enormous trade surpluses they're running.

To: MoneyPenny who wrote (49401)	3/3/2006 3:37:14 PM
From: gpowell	Read Replies (1) \| Respond to of 306849

Boomers are 42-60 at the top end, and are the recipients of one of the largest transfers of wealth ever. I think that transfer has already been factored into current consumption decisions - as your next statement indicates, "Their parents are dying and inheritance plays a much bigger part into the second home scenario than anyone ever mentions here."

To: MoneyPenny who wrote (49401)	3/3/2006 3:44:26 PM
From: Paul Kern	Read Replies (1) \| Respond to of 306849

<I'm the oldest of the baby boomers and I'm not dead yet. Boomers are 42-60 at the top end, and are the recipients of one of the largest transfers of wealth ever. Their parents are dying and inheritance plays a much bigger part into the second home scenario than anyone ever mentions here. MP> I was born in month five of the baby boom and I'm seeing the transfer of wealth to nursing homes, doctors, and hospitals with maybe a little left over if the kids are lucky.

To: MoneyPenny who wrote (49401)	3/3/2006 6:13:57 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

I just think whatever the conventional wisdom is as far as what the "boomer money" will do or not do is pretty much the opposite of what really is happening. For example Boomers were supposed to support the stock market until the latter part of this decade and then whoosh, take it all out to fund their retirement on fixed income. Well guess what it did actually happen but sooner and a little differently than anyone thought. Boomers actually LOST most of the money they had in stocks. Now there is very little chance that we will get that huge Boomer drawdown that was supposed to happen in 2010. Same with houses I think. Whatever boomers were supposed to do to prop up or save this or that, has probably already occurred.