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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.
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