Comments on: The Real Estate Generation Gap: The Baby Boomers Are Trying to Sell, but Who’s Buying? http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/ Helping a unique generation achieve financial independence. Fri, 19 Mar 2010 18:02:11 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: paphos http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-123693 paphos Thu, 07 Jan 2010 11:12:24 +0000 http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-123693 but the problem is that there is an economic crisis..no person would buy real estate with this situation.. but the problem is that there is an economic crisis..no person would buy real estate with this situation..

]]> By: Donovan http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-40325 Donovan Sat, 24 Nov 2007 02:21:05 +0000 http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-40325 "Seriously, Donovan? You think illegal immigrants are buying McMansions in large numbers?" You minsunderstood me. I stated, "large packets of illegal immigrants". By that I mean a dozen or so illegal immigrants are co-buying/co-habitating a McMansion off of 12 low wage "service industry" jobs. These are the people who are buying the boomer McMansions. “Seriously, Donovan? You think illegal immigrants are buying McMansions in large numbers?”

You minsunderstood me.

I stated, “large packets of illegal immigrants”. By that I mean a dozen or so illegal immigrants are co-buying/co-habitating a McMansion off of 12 low wage “service industry” jobs.

These are the people who are buying the boomer McMansions.

]]> By: Mike http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-38790 Mike Mon, 19 Nov 2007 02:21:43 +0000 http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-38790 Seriously, Donovan? You think illegal immigrants are buying McMansions in large numbers? Seriously, Donovan? You think illegal immigrants are buying McMansions in large numbers?

]]> By: Selling Home Help http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-7098 Selling Home Help Wed, 06 Jun 2007 01:59:14 +0000 http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-7098 It would make sense for the baby boomers to downsize when kids move out, but americans always want big ! It would make sense for the baby boomers to downsize when kids move out, but americans always want big !

]]> By: BOOMj http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-5257 BOOMj Thu, 24 May 2007 23:29:27 +0000 http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-5257 Just thought I would let you know about a new website dedicated to baby boomers called BOOMj.com that your readers may be interested in. There are many nice sections (health, movies, finance, travel etc.) where you can meet new people as well as keep up on all the latest news, tips and goings on in the world. You guys should check it out if you feel so inclined. See ya. <a href="http://www.boomj.com" rel="nofollow"> BOOMj</a> Just thought I would let you know about a new website dedicated to baby boomers called BOOMj.com that your readers may be interested in. There are many nice sections (health, movies, finance, travel etc.) where you can meet new people as well as keep up on all the latest news, tips and goings on in the world. You guys should check it out if you feel so inclined. See ya.


BOOMj

]]> By: Donovan http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-3060 Donovan Wed, 18 Apr 2007 17:24:36 +0000 http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-3060 “Baby Boomers Are Trying To Sell But Who’s Buying?”

Large packets of illegal immigrants.

]]> By: Bill http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-2483 Bill Sun, 08 Apr 2007 00:56:51 +0000 http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-2483 Another Gen X'er who prefers small houses. Grew up with my family of 4 in a 1920's 6000+ sqft. mansion which was a money pit & maintenance nightmare. $300/month in the mid-1980s to heat it (this in a climate where you usually run the A/C April-October) Dead rooms (formal living room, dining room, library) you never used, but still had to clean/heat/pay property tax on. I'll never forget when the one cast-iron drain pipe for the entire upstairs let go - in an interior load-bearing wall - grab the sledgehammer and watch the plaster fly! (trashed both the formal living & dining rooms) My family of 4 lives very well in a 1500 sqft. home - which I paid off before age 40. Another Gen X’er who prefers small houses.

Grew up with my family of 4 in a 1920’s 6000+ sqft. mansion which was a money pit & maintenance nightmare.

$300/month in the mid-1980s to heat it (this in a climate where you usually run the A/C April-October)

Dead rooms (formal living room, dining room, library) you never used, but still had to clean/heat/pay property tax on.

I’ll never forget when the one cast-iron drain pipe for the entire upstairs let go – in an interior load-bearing wall – grab the sledgehammer and watch the plaster fly!
(trashed both the formal living & dining rooms)

My family of 4 lives very well in a 1500 sqft. home – which I paid off before age 40.

]]> By: The Simple Dollar » The Simple Dollar Morning Roundup: Easter Weekend Edition http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-2396 The Simple Dollar » The Simple Dollar Morning Roundup: Easter Weekend Edition Fri, 06 Apr 2007 13:31:13 +0000 http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-2396 [...] The Real Estate Generation Gap: The Baby Boomers Are Trying To Sell, But Who’s Buying? There are lots of big socioeconomic issues that are hitting home right now with the overconsumption of the Boomers finally starting to come home to roost. (@ generation x finance) [...] [...] The Real Estate Generation Gap: The Baby Boomers Are Trying To Sell, But Who’s Buying? There are lots of big socioeconomic issues that are hitting home right now with the overconsumption of the Boomers finally starting to come home to roost. (@ generation x finance) [...]

]]> By: Jen http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-2233 Jen Tue, 03 Apr 2007 14:51:26 +0000 http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-2233 Plonkee, you bring up a good point! That would truly stink. The Globe article did point out that traditional starter homes will still be in demand as Gen X/Gen Y/moderate income immigrants vie for their first homes. But the idea of more successful Gen X/Gen Y/immigrants competing with Boomers for the same upscale condos wasn't raised in the article. One solution to the falling McMansion sales would be to divvy them into multi-family homes. Where I live there are a lot of former single family Victorians that have been split into 2-4 apartments or condos. So perhaps handy Boomers can convert their homes and the not-so-handy Boomers can sell to a developer/contractor? This would allow the Boomers to sell while adding to the housing stock for first time homebuyers. Plonkee, you bring up a good point! That would truly stink. The Globe article did point out that traditional starter homes will still be in demand as Gen X/Gen Y/moderate income immigrants vie for their first homes. But the idea of more successful Gen X/Gen Y/immigrants competing with Boomers for the same upscale condos wasn’t raised in the article.

One solution to the falling McMansion sales would be to divvy them into multi-family homes. Where I live there are a lot of former single family Victorians that have been split into 2-4 apartments or condos. So perhaps handy Boomers can convert their homes and the not-so-handy Boomers can sell to a developer/contractor? This would allow the Boomers to sell while adding to the housing stock for first time homebuyers.

]]> By: plonkee http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-2224 plonkee Tue, 03 Apr 2007 12:03:40 +0000 http://genxfinance.com/2007/03/29/the-real-estate-generation-gap-the-baby-boomers-are-trying-to-sell-but-whos-buying/#comment-2224 There could also be a problem if the boomers want to downsize into the smaller homes that Gen X or Gen Y also want / can afford. I somehow think that would mean everyone loses out. There could also be a problem if the boomers want to downsize into the smaller homes that Gen X or Gen Y also want / can afford. I somehow think that would mean everyone loses out.

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