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worn down
Real Estate Mindset
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Comments by "worn down" (@worndown8280) on "Exposing Dave Ramsey's Housing Market LIES" video.
You will notice the data only goes back to the 60s. Why? Because prior to the 1960s housing was deflationary. Only the massive demand spike by the baby boomer generation caused prices to increase. Even after WWII with the insane spike in home construction and the creation of the suburb we did not see price spikes, why, lack of demand. Another issue is his graph on Xer demand vs Millennial demand. Millennial demand, even per his graph has peaked. And what no one seems to account for is that largest group of homeowners, boomers, are starting to die off. Those boomers currently hold 44% of all real estate. The upcoming generation, Gen Z, is Xer in size. They lack the numbers to replace the boomer demand. So prices will fall and they will continue to fall until we have a demand spike. Millennial family creation is far below where estimates expected to be, so when they come up, demand will drop lower.
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