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Nov 19, 2021
8:16
:48
am
Nat Gas Man
Truly Addicted User
10000 baby boomers retiring every day and many buying retirement houses in
Other states and doing the snow bird thing. Guilty party raises hand 👍🏻
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Nat Gas Man
Previous username
TXSmith
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Nat Gas Man
Joined
Apr 28, 2010
Last login
Aug 23, 2023
Total posts
53,749 (638 FO)
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Messages
Author
Time
Here is what I dont understand.
rad dawg
11/18/21 7:41pm
I listened to this a couple months ago. Interesting points.
runitup590
11/18/21 7:43pm
What’s going to be interesting is when all of the boomers die off. They’re a
Polemic
11/18/21 7:44pm
Weird, I remember like 5 years ago when millenials were going to ruin the housing market because so many preferred to
Mike Honcho
11/18/21 7:45pm
Immigration. Unchecked.
Division Bell
11/18/21 7:45pm
This doesn't even get acknowledged, Id like to see a pie chart of accountability
Rhubarb
11/18/21 7:53pm
Illegal immigrants aren’t buying houses. They’re living in crowded homes.
Fatalplacebo
11/18/21 7:56pm
If true, even that has a ripple effect, and they are also renting
Rhubarb
11/18/21 8:01pm
Then the problem is those renters who are now buying homes suddenly have an
Fatalplacebo
11/18/21 8:08pm
How can an Illegal immigrant buy a house with zero credit, no job, and 0 money?
Pretorian
11/18/21 8:10pm
I meant to say aren’t. Corrected now.
Fatalplacebo
11/18/21 8:17pm
You’d think that were the case, but you’d be surprised that they can and are.
seacougar
11/19/21 1:37am
Ok, how?
Pretorian
11/19/21 10:01am
It may not be sustainable but it may not crash like 08 with demand and inflation
stealth
11/18/21 7:47pm
I think you may have answered your own question.
crack
11/18/21 7:47pm
Debt has been rising for a long time. It explains the how
rad dawg
11/18/21 7:51pm
Maybe this?
crack
11/18/21 7:52pm
Man, Warren is a lot grittier than I thought . . .
85fan
11/18/21 9:00pm
RE: Maybe this?
rad dawg
11/18/21 9:14pm
My parents, plus 2 of my uncles own 30+ homes between them.
rtNelson
11/18/21 7:48pm
Did they all start buying them in 2020 though?
rad dawg
11/18/21 7:49pm
No, but homes they own never hit the market again.
rtNelson
11/18/21 7:55pm
Are these homes sitting empty or do they have renters
novacoug1
11/18/21 8:32pm
China
homegrown
11/18/21 7:50pm
Banks and investors buying houses up as rentals as
bad84cougar
11/18/21 7:50pm
This seems most likely but havent they also been buying for awhile?
rad dawg
11/18/21 7:58pm
I’ve read there’s 30% more dollars in circulation than last year
Artist
11/18/21 7:51pm
Household disposable income is already back to pre pandemic levels.
rad dawg
11/18/21 7:53pm
Really? That is amazing. No wonder inflation (real inflation, not the govt
crack
11/18/21 7:53pm
It might be even worse than my number:
Artist
11/18/21 8:01pm
I am skeptical of stuff like this.
rad dawg
11/18/21 8:04pm
My simple brain says COVID significantly decreased the supply of stuff and then stimulus significantly increased the
Odysseus
11/18/21 7:51pm
Also, The remote work and exodus of ca has pushed people to cheaper states
stealth
11/18/21 9:04pm
Millennials are 25-40 and in prime home buying years. Many bought later than
cougarbob137
11/18/21 7:52pm
I talked to a realtor the other day. She mentioned a small RE corporation that s
kotacoug
11/18/21 7:57pm
Investment groups have been buying single family homes
HuskerFan2
11/18/21 7:58pm
Yep. This is the driving force and not just them.
kotacoug
11/18/21 7:58pm
This is reversing cause and effect.
All-American
11/18/21 8:14pm
Don't blame them since they can't get any interest on the cash. They gotta do
crack
11/18/21 8:17pm
True, but the longer they play the bigger the potential crash.
HuskerFan2
11/18/21 8:24pm
I dont understand why people think there is going to be a crash
Backcountry
11/18/21 10:05pm
Zillow already has stopped
novacoug1
11/18/21 8:33pm
They stopped buying. I doubt they will sell anything right now.
HuskerFan2
11/18/21 8:45pm
They are selling homes in my market currently.
rad dawg
11/19/21 7:20am
I had an unsolicited cash offer last week for m house in Utah. It is actually
Nat Gas Man
11/18/21 8:40pm
Late to the party but here’s my take:
stenso
11/18/21 8:38pm
That doesnt explain the sudden explosion in 2020 though.
rad dawg
11/18/21 8:53pm
10000 baby boomers retiring every day and many buying retirement houses in
Nat Gas Man
11/19/21 8:16am
Money has been very cheap for a long time. ~3% interest rates are attractive
reddead
11/18/21 8:54pm
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