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by infamouscow 809 days ago
This is short sighted.

People have been saying similar about the cars purchased in 2021 because they sell for well above asking. As 36-month leases start coming due the prices of those cars is normalizing back to where it should be.

All of the boomers that refuse to downsize and plan to die in their homes are going to do the same with the housing market, but in a more spectacular fashion that causes the market to crash.

1 comments

On the boomer front, it's hard to say because it'll play out over 20 years, and there's a genuine supply shortage. There's also a chance a lot of their kids take the house over and sell something less desirable.