| What do you think may happen to the real estate market when Baby Boomers start dying? - Click HERE for Original Thread |
| ReasonOne |
I'm very interested to hear everyone's opinion!
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| SilverNeonRacer |
| Hopefully I might be able to affrod a house :P |
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| fugumerkur |
for one, there will be alot less assholes on the road! :lol:
as for the houses. With the way Edmonton is taking people from all over canada, there still won't be any left. |
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| REFLUX |
They're a big driving force behind a lot of the economy in general but to speak of what will/may happen in 20-30 years is going to be tough.
Lots of baby boomers right?
They had children too right?
Lots of them around who also need places to live. |
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| ChromeDragon |
| There was a baby boom from the baby boomers as well, so I can't see the market dying. Slowing some yes, but not dying. The amount of them retiring and moving away to warmer climates will have just as much effect, if not more. |
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| 96MX6 |
| Thier kids get richer? |
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| JustinL |
| I'm only one data point, but my parents are selling their house here this year and moving to Nanaimo next year. I think we will see the prices of the classic retirement towns skyrocket as retirees are going to be taking their profits from their Edmonton/Calgary homes and buying up the nice stuff in places with beaches. |
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| ChromeDragon |
| This is why Vancouver Island is exploding. Should we feel bad when the Pacific fault finally lets go and tens of thousands of geriatrics are washed out to sea by the tsunami?:dunno: |
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| SilverNeonRacer |
quote:
Originally posted by ChromeDragon
This is why Vancouver Island is exploding. Should we feel bad when the Pacific fault finally lets go and tens of thousands of geriatrics are washed out to sea by the tsunami?:dunno:
2 or 3 years back now my Uncle(in-law) bought a ocean side place on the island.. cost him a couple mil I think.. he can afford it, he owns Axe Music. (No not even I get discounts) |
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| Prudz_lude |
| i see alot of rich kids getting free houses.... For those who don't have houses and are living in apartments, whoes parents owned a house before they die, they will just inherit a free house like everyone else does. Just because a wave of the population dies from a certain point in time doesn't mean anything different will happen. They have already been replaced ten fold population wise. |
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| TrevorK |
My opinion is that the effect will be felt by those in retirement destinations, and the effect on the cities will be minimal.
The effect on the city itself will be minimal - when you take the current trend of elderly living in their home until they pass away (or as long as they possibly can) it will extend the normal length of home ownership for a person. |
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| Insomniac |
| Condo's and bungalows will appreciate faster than most properties. Good thing I own one of each :D |
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| Prudz_lude |
quote:
Originally posted by Insomniac
Condo's and bungalows will appreciate faster than most properties. Good thing I own one of each :D
what???? why would they appreciate because old people are dying off? The houses will be inherited and sold off, if not sold than kept in the family. I know if my mom past away my brother, sister and I would just live in the house until we decided to get our own place. When we would decide to move we would sell the house off for alot and buy our own Houses... there will always be a demand for houses. There always has. Condos, apartments are the ones who suffer when the market drops because people start buying more houses and leave their old condo or apartment. |
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| Insomniac |
| yeah, i wasn't paying attention, I was thinking of the baby boomers getting older |
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| MAPEX |
quote:
Originally posted by ReasonOne
I'm very interested to hear everyone's opinion!
:blue:
it will happen if the liberal party wins next election.. |
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