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Every generation makes decisions, and what we Boomers have done is architect a system of higher costs by putting everything on a future credit card rather than paying our bills legitimately along the way. We just printed money, and here we are. Everything's expensive, the average age of a...

12,946 次观看 • 8 个月前 •via X (Twitter)

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Former BlackRock fund manager Ed Dowd on the "dead real estate market" perpetuated by boomers who won't sell houses to millennials who can't afford them "[there's] a demographic problem... in the U.S.... home prices are 30% too high. So we have an affordability problem" "We have most of the boomers sitting on the real estate, and as they die off or sell off some of their secondary properties, they need to sell them to the millennials, but the millennials can't afford [them]" "So in the U.S., we have this bizarre dead real estate market where we have this phenomenon we haven't seen... well, I think, ever, where homes for sale versus homes sold is at a gap the likes of which we've never seen" "And that's been there since last year—it's only getting worse. So the markets are frozen and eventually, you know, frozen markets do move, but they move slowly" "and what we're seeing in the U.S. is we're seeing home prices decline in the red states along the southern border; the sanctuary cities are still holding up, but, you know, if the AI bubble pops, that's going to cause some of these boomers to put their second and third homes on the market, and then that that'll just, you know, continue the cycle of home prices rolling over" "But someone like you [a millennial who's] waiting, you're going to have an opportunity. You're going to have an opportunity to buy at a discount, and you'll be fine. And... people get bummed out about lower home prices, but... for every loser there's a winner, and... I'd rather see younger millennials that are starting families be able to afford a home than a boomer sitting on his three properties not spending any money because he's retired" New Era Finance Podcast Edward Dowd

Sense Receptor

59,693 次观看 • 1 个月前