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Empty Nest boomers "upsizing" to larger houses after retirement
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Date: March 29th, 2023 12:36 PM Author: Cheese-eating rigpig millenials: "why are houses so unaffordable for young families?"
their parents: ljl get wrecked losers
Suzanne and Mark White are among a growing number of adults over age 55 who are bucking tradition. Typically, when the kids leave home, parents downsize. However, more couples as this stage of life are choosing to upsize, or same-size, to a home that offers more of what they want, according to a new report from the National Realtors Association.
“One of the persistent myths we have about retirees is that they want to downsize, but that’s not true today,” said Jessica Lautz, an economist and a lead researcher behind the 2023 Home Buyers and Sellers Generational Trends Report. Of those between the ages of 58 and 76 who bought homes last year, most were same-sizing, and nearly one in five bought homes over 3,000 square feet. |
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Date: March 29th, 2023 12:37 PM Author: Cheese-eating rigpig This group can often get what they want because, unlike younger buyers, they can afford to buy their new home without having to sell their current one first. With that pressure off, they have the luxury of taking their time to find what they want.
Today, the Whites enjoy every bit of their house, yard and especially the pool. “We loved our other house, but this one gives us so much more room to have the lifestyle we want.” |
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Date: March 29th, 2023 12:38 PM Author: laughsome lime tank "The Whites"
lol if you think that wasn't intentional |
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Date: March 29th, 2023 12:40 PM Author: Racy drab shitlib (http://www.autoadmit.com/thread.php?thread_id=5315081&forum_id=2#46113754) |
Date: March 29th, 2023 12:39 PM Author: bistre spot wagecucks NEVER STOP BOOMING (http://www.autoadmit.com/thread.php?thread_id=5315081&forum_id=2#46113751) |
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Date: March 29th, 2023 12:41 PM Author: naked place of business brunch Buying an oversized home that has "more of what you want" is a ridiculously stupid thing to do. Just pay out the ass on taxes, maintenance, repairs, and renovations to maintain some house that's 3x what you need. These Boomers will have their wealth confiscated over time. Just wait and see. (http://www.autoadmit.com/thread.php?thread_id=5315081&forum_id=2#46113762) |
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Date: March 29th, 2023 12:42 PM Author: Cheese-eating rigpig just do bootstraps son, you can't take it with you! *Takin Care of Business plays from Bose speakers as Corvette revs away* |
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Date: March 29th, 2023 12:46 PM Author: Indigo Range Main People LIFE IS A HIGHWAY (http://www.autoadmit.com/thread.php?thread_id=5315081&forum_id=2#46113788) |
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Date: March 29th, 2023 12:46 PM Author: floppy chestnut area potus "I don't get it, your mom and I bought a starter house when we were in our early 30s and we both had federal jobs!"
(Boomer who bought 1900 sq foot cottage in Chevy Chase for $65,000 in 1981 and sold it in 1995 for $550,000) |
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Date: March 29th, 2023 1:04 PM Author: bateful tripping garrison chad then in 2021 the land is worth $2M (http://www.autoadmit.com/thread.php?thread_id=5315081&forum_id=2#46113889) |
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Date: March 29th, 2023 12:46 PM Author: Cheese-eating rigpig ACBB BABY
BARGAINING POWER: Many in this age group have had a run up in their home equity, so they have more leverage when buying a home, Lautz said. As a result, they are holding the cards. They often come to the table with no contingencies, so in the case of a bidding war, they will win. Among younger Boomers, 43% paid all cash for their home, and among older Boomers, 51% did, compared with only 7% of those ages 33 to 42. |
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Date: March 29th, 2023 12:58 PM Author: stimulating internet-worthy set Are they saying anyone over 42 is a boomer now? I want to be a boomer. (http://www.autoadmit.com/thread.php?thread_id=5315081&forum_id=2#46113865) |
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Date: March 29th, 2023 1:30 PM Author: Cheese-eating rigpig no they ignore Gen X entirely ljl:
"NAR report revealed about older home buyers: which they break into three groups: Younger Baby Boomers, age 58-67; Older Baby Boomers, age 68 to 76; and the Silent Generation, age 77 to 97." |
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Date: March 29th, 2023 1:08 PM Author: federal azure goal in life water buffalo best part of this is how they fund the builds of their new 5000 sqft houses by taking out loans against their equity in their already owned 5 houses that they bought for $50k each 25 years ago which have all ballooned in "value" 50x
boomers are 180 |
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Date: March 29th, 2023 1:27 PM Author: Cheese-eating rigpig we need to increase Social Security (http://www.autoadmit.com/thread.php?thread_id=5315081&forum_id=2#46113992) |