In 2024, there were more home buyers over the age of 70 in the U.S. than under the age of 35
(media.kotakuinaction2.win)
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Boomers are also asking top dollar for their dated shitholes and then run to a new build in those terrible communities that are springing up everywhere
The biggest problem in the market is that boomers are holding on to their houses and not downsizing or moving into elderly communities.
yep, it was a strange time that total square footage was at any time, considered oneupmanship rather than a useable home of high quality.
A lot of private retirement communities are a scam as well. They are designed to charge 3-4x market rent to eat up any inheritance left within a few years while warehousing the elderly to be abused by illegals.