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re: Potential home buyers in the future market.

Posted on 5/20/20 at 3:47 pm to
Posted by The Third Leg
Idiot Out Wandering Around
Member since May 2014
10149 posts
Posted on 5/20/20 at 3:47 pm to
Saw that piece. It’s not necessarily an inflection point, but rather a building trend that is expected to continue on this upward trajectory. Drives demand for more units at a lower average size.

Every major city and developer has been betting on this by building massive amounts of multi family inventory near urban cores. And it’s not all just for young people. Boomers that are divorced or empty nesters selling out of their McMansions and looking for low maintenance, small spaces near lots of convenience.
Posted by llfshoals
Member since Nov 2010
16985 posts
Posted on 5/20/20 at 3:50 pm to
I’m not seeing prices decline yet. If all goes well on the one I’m writing now I’ll have 10 under contract.

Activity really revved up the last week or so.
Posted by dbeck
Member since Nov 2014
29454 posts
Posted on 5/25/20 at 12:07 pm to
quote:

Boomers that are divorced or empty nesters selling out of their McMansions and looking for low maintenance, small spaces near lots of convenience.

Boomers turning into millennials? I'm gonna need more popcorn.
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