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Me be thinking the boomers have started and will continue to "unload" property/housing. 'Course, this may mean the "kids" get the home, too. But, many of the "kids" don't live near their parents area and will likely sell the property; as they won't likely be moving to find another job. So, millennials may have money from a sale; but will they buy their own house? Large corporations have been buying properties since the market melt to rent. Some housing markets are very tight regarding available housing for sale. We'll see how this works out, eh? At the very least, one might consider a fund or stocks that are related to the "fix-it-up" side of housing......Lowe's, Home Depot, etc.
Smead has been saying this at least for several years since I became aware of him. At this point it's not new news so the bet is only whether the impact millennials have is better or worse than expectations rather than an undiscovered opportunity (as usual).
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So, millennials may have money from a sale; but will they buy their own house?
Large corporations have been buying properties since the market melt to rent. Some housing markets are very tight regarding available housing for sale.
We'll see how this works out, eh?
At the very least, one might consider a fund or stocks that are related to the "fix-it-up" side of housing......Lowe's, Home Depot, etc.
Catch