What is going to happen when boomers start retiring en masse and want to sell their home? Millennials won’t be able to afford the mortgage due to student loan debt.

like
Posting as :
works at
You are currently posting as works at

If a boomer wants to list their house, either to relocate or downsize, the demand just isn’t going to be there. Millennials as a generation either won’t want to live in suburbia or small towns - the jobs just aren’t there - or they won’t be able to afford the payments due to student loans.

Thoughts? Is this not really going to be a problem? I can see boomers losing 40-60% of the equity in their homes to price competitively to millennials’ finances.

like

OP, my parents did sell their house and move to be closer to family. The house they moved into is actually bigger. They may downside in the future but I don't see it happening for several years, or not all.

My parents might be slightly different than the normal baby boomer but my main thought is that boomers retiring is alread happening.

Probably another housing market crash, not as bad as 2008 but significant enough. Boomers will reap what they have been sowing for the last 30 years, a destroyed economy

like

Related Posts

like

How do you know if you're being passed over because you're "overqualified"? I'm not taking about people who apply to jobs that they're clearly not qualified for

like

Corporate Johny Johny Yes Papa

Post Photo
funnylike

How much time does EY take to file the i-140 after initiating a PERM?

Does anyone have a promo code for SHRM membership? (Not renewal). I have tried multiple codes I found online, and none work. Thanks

like

What do you do when you get a migraine at work and feel dizzy? It seems like my migraines are brought on by weather changes, but the added on dizziness makes me feel worse.

like

Hello, I would like to move to a position as a Software tester or QA analyst, I have done this before but only in a contract compacity back in 2011. Currently I have been in tech support for 8 yrs and I want to do something different. How do I go about pivoiting to a Software tester it would be a manual position because I only know enough coding to be dangerous...LOL

like

Even though we're busier than ever during COVID, I feel less burnt out than I usually do. There's something pure about our work and contribution in this crisis

like

Question for my tax gurus. Want to refinance my rental property. I assume I can deduce closing costs, new interest expenses. The cash im pulling out, however, is going to a personal reason. If al@this above board? I’d love to be able to increase my interest expenses in a tax deductible part of my finances (I take standard deduction).

like
like

How do you all meet people? I work 60 or more hours a week and travel around 70% of the year. I'm not really a tinder type person, but I'm about desperate enough to try anything these days.

like

Hi all in LTA part for Oracle do we need to deduct some amount every year? And if not claimed then that will be credited after 2 years . Is my understanding correct?

like

Need your help/advice! I was rear ended & gave my car to the body shop. The lift gate needs to be replaced. It's been 9 weeks and they have not yet received the part. They don't know when they'll get it in. Additionally, they mentioned that they ordered the part with my VIN & they received the wrong part. (How?) Now they're like we've called xyz vendors and none of them have the part. Is it just me, or are they lying? And their response to follow up is we will keep checking...continue..

like

Hi All,

Please help me with free study materials or links for completing SAP Analytics Cloud Certification.

like

Is IT facing recession in India ??

like

I don't know if I can realistically pull any of these off with a straight face in a professional environment 🧐

Post Photo
funnylikeuplifting

Anybody have done procedures to get rid of smile lines in NY? What did you go through and where? Torn between trying a laser procedure like Shurink or just try Botox

like
like

Working in USI and want to switch to Deloitte UK. 4 yoe in cloud security. How much ctc should i expect?

Additional Posts in Politics

We fought a whole war over if places could do this and the racists lost then too

Post Photo
likefunny

Hedge funds until last week: “it’s called capitalism, losers, you lose, you shut up 😂”

Hedge funds this week: “the mean wetail investors dinnit pway faiw 🥺”

likefunnysmart

I (in UK) just found that in the USA, prisons are private companies rather than govt entities. In all seriousness, wtaf? Why would you have it set up like that?

like

Man imagine if we only had republicans running the nation and no one wore masks or took any precautions... boy would we be in trouble

like

Trump: China’s paying you!
Joe: China’s paying you!
China:

Post Photo
likefunny

If you want your adversaries to respect unwritten norms, maybe refrain from baselessly accusing their nominees of gang rape

likeupliftingsmart

We must end the radicalization of our youth.

Post Photo
like

I recently discovered that my nanny told my 2 month old that God will watch over her and I'm concerned. I want to be the one that introduces her to religion, and I'm worried that this indoctrination is just going to confuse her. Should I fire my nanny?

funnylike

They started by saying,"We're not to allowed to say Merry Christmas!" while being triggered by red Starbucks cups. Now, they're saying "We're not allowed to fly the flag on the 4th of July." Stop Karening our holidays please.

likefunny

For the record, vets don’t care what you do during the national anthem.

Post Photo
likefunny

And yet people still pretend this isn't a concern

Post Photo
like

Violent, radical right.

I actually don't think that the right is violent or radical, but I'm tired of people using non-political, quotidian violence in America to paint the left as extreme and mob-like

Post Photo
like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal