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Hi Sharks,
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Yes, unload asap!
Heard from my economist friend in housing policy- even when the boomers die (which will take forever), we still won’t have enough housing.
Brad and Rahul get back to your powerpoint.
Mentor
Are they all going somewhere all at once?
When global warming + war + pandemics takes us all out, yeah your rentals will be worthless.
How very Deloitte of you to worry about a non problem
I am deloitted!
Have you seen the population growth and household formation rates? They are all barely positive and trending down
We will have a glut of houses no matter what
Gen Zs are an even larger cohort than Millenials. And the two groups combined own houses at half the rate of boomers and Xrs. That's what will power demand for at least another 7-10 years. Also the continued shortage of housing stock.
Eventually the demographics and inventory will be back in alignment and we will no doubt have a glut of houses, but that's not happening anytime soon. At least at the macro level, although I will grant migration patters are affecting different markets in different ways.
The boomer extinction is imminent. Half of my neighbors are boomers and they’re all losing their minds/can’t take care of their property anymore. Thus, plethora of inventory which is very necessary right now. This market is just dumb 🤷🏻♂️ if you’re an investor you either will still be in the green after this or you’re not a smart investor