There will be some differences regionally, though. The new tax code will absolutely push anyone close enough to retirement out of NY/NJ/MA down to Florida sooner rather than later because of the lack of state taxes and lower property taxes. However, these are popping up as condos, over 55 communities (how is that shite legal?) and zero lot line gated communities. In 10-20 years there is going to be a glut of housing because of the boomers dying off at a massive rate.

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Posted by Sunbeam

Member since Dec 2016

2612 posts

Posted on 1/22/18 at 11:15 am to Tesla

quote:
There will be some differences regionally, though. The new tax code will absolutely push anyone close enough to retirement out of NY/NJ/MA down to Florida sooner rather than later because of the lack of state taxes and lower property taxes.

Related to this, but broader in scope.

The baby boomers have been working through America on their life cycle like a carcass of some sort passing through a python since '45.

They are hanging around the workplace longer than any previous generation for a number of reasons, but they are not going to defy time forever.

No matter what, I personally have been expecting at least a decade long negative pressure on housing prices as baby boomers are compelled to sell for a number of reasons (they just want to, moving to Florida or Arizona, having to go to assisted living).

We haven't seen it yet, but I really can't imagine how it can't happen.

Some people pointed out that immigration and foreign buyers push things in the opposite direction, at least in some areas.

But there were a crapload of baby boomers.

Anyway some things take on the order of years and decades to play out. But from where I sit, I'm kind of puzzled we haven't seen it yet.

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