The Wall Street Journal estimates that, from now until about 2037, roughly 21 million homes in the United States will be vacated by seniors. To put this number into perspective, it’s about 25% of the US for-sale housing stock and more than double the amount of new homes that were sold during the 1998 to 2008 housing boom. That number was about 10 million (see below).
This is part of the normal cycle of housing, but in this particular instance, there’s concern that the new generation won’t be there to backfill these homes, or least not in the same way. For one, there are more boomers than there are Gen Xers. So right away there’s a potential gap. But on top of this, the next in line don’t appear to necessarily have the same preferences in housing type and location.
As someone who would fall into the 65.9 million…
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