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Help Desk / Help!
« Last post by SpaceMonkey on November 06, 2019, 01:03:26 pm »
I keep using an iron to remove the wrinkles from my ball sack. I need help!
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Shop Talk / Re: Yo Muff- What do you think will happen when....
« Last post by Silver Mercenary on October 30, 2019, 07:54:50 pm »
Im sorry to say this, but I talked to Mufdvr last week, dont say anything, but he said he was infected with HIV and fighting pneumonia. He was pretty short and coughing on the phone, I'll try calling back if I dont hear from him.

I still dont understand why Millenials will acquire the wealth of baby boomers..and not gen Xers..thats like grandpa's giving their wealth to their grandchildren instead of their children
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Shop Talk / Re: Yo Muff- What do you think will happen when....
« Last post by Pervarotti on October 24, 2019, 06:16:34 pm »


Why won't Muffy answer us?    :(
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Shop Talk / Re: Yo Muff- What do you think will happen when....
« Last post by Pervarotti on October 21, 2019, 12:35:28 pm »
Silver if a bunch of people inherit money at the same time, it causes deflation.  From what I read there is some worry of it causing class differences. 

Space $1200 wont get you a studio here.   That is cheap!

The extra homes expected to hit the market 2025-2030 are currently family homes owned by the boomers.  Like 4 bedrooms.   They're going to want to downsize to condos by then too so the demand for smaller homes and condos will still be high and we will have all these extra boomer homes in the suburbs. 

Silver, what I read says since the boomer are trying to "age in place" almost all of them are planning remodels to make their homes more comfortable within the next 3 years. 
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Shop Talk / Re: Yo Muff- What do you think will happen when....
« Last post by SpaceMonkey on October 19, 2019, 04:53:40 am »
Here, in Charlotte, we have hundreds of NEW apartment buildings being erected all over the city (from the downtown urban city part to the suburbs) and many articles speculate "who will live in all of these"?

Most likely, down-sizing seniors and Millenials out of college will. However, the rents are ridiculous; $1,200 - $3,000 a month.

I'm paying $1,300 for a one-bedroom, one-bathroom apartment now and am having a hard time making rent and I make $92,000 a year. I don't expect I'll ever purchase a house again in my lifetime. Maybe a condo after the housing market crashes.
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Shop Talk / Re: Yo Muff- What do you think will happen when....
« Last post by Silver Mercenary on October 17, 2019, 05:28:35 pm »
They basically said what I said, lol and Im no economist lol

But why are they leaving Gen X'ers out of the equation? I mean arent genx' the benefactors of the Baby Boomers inheritance?

Also how does an oversupply affect your industry?
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Shop Talk / Re: Yo Muff- What do you think will happen when....
« Last post by Pervarotti on October 17, 2019, 02:52:36 pm »
Just read on Bloomberg we can expect housing to drop and supply to increase mid to late 2020s as boomers can't take it with them.  Some areas will deflate, expensive places like San Fran will boom.

10 more years.  die boomers, die!
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Shop Talk / Re: Yo Muff- What do you think will happen when....
« Last post by Pervarotti on October 16, 2019, 05:25:19 pm »
Deflation-----


However, these short term benefits are also laced with words of caution in the long term. In the long term, there is a very real concern about a potential oversupply of housing in the market. This oversupply is likely to be caused by the differences between millennials and baby boomers. The same barriers of entry that prevent millennials from becoming homeowners currently could very likely continue to exist, as financial capacity may still be an issue for a generation growing up post-Great Recession and facing heavy financial burdens. There is also the issue of a lack of demand for the particular homes that will be entering the market in the coming decades. The needs and desires of millennials are different than that of previous generations, and while McMansions in exurbs were particularly appealing to baby boomers, they do not align with the preferences and demands of millenials that prefer being significantly closer to urban areas. There are also other factors, such as the size of homes and the design of the home itself, that will influence whether millennials will even be interested in purchasing homes in certain areas where baby boomers will inevitably be selling.

This uncertainty leaves economists concerned: another housing crash. The concern lies in the fact that there will likely be a large oversupply in certain areas, which will cause housing prices to plummet, thus leading to a housing crash in those areas
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Shop Talk / Re: Yo Muff- What do you think will happen when....
« Last post by Pervarotti on October 16, 2019, 05:22:10 pm »
Berkley EDU

85 percent of baby boomers that currently own 32 million homes express no interest in selling in the near future. While baby boomers own nearly $13.5 trillion in homes, millennials are delaying becoming homeowners in part due to housing shortages and subsequent housing affordability. Baby boomer homes are homes that should have been put on the market right about now. These homes would have been meeting the growing demand of millennials that have approached, or are approaching, the stage in their lives where they purchase a home. Realtor.com Chief Economist Daniel Hale describes these 32 million homes as homes “the market desperately needs.”
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