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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Forget not being able to afford property taxes. They won't be able to afford the mortgage(s). I know boomers who bought their current California homes in the 90s for $200,000. 30 years later when you'd think the home was paid off, they have not one but TWO mortgages/heloc and total debt owed is double what they paid for it.
Boomers are leveraged out the ass.
Most of their kids aren't inheriting homes, they're inheriting debt. Mountains of debt.