The the share of homebuyers ages 61 to 70 citing “more space” as their primary reason for moving has nearly doubled since 2016, per NAR
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The the share of homebuyers ages 61 to 70 citing “more space” as their primary reason for moving has nearly doubled since 2016, per NAR
· 118K Views
@unusual_whales Boomers own 28% of all 3+ bedroom homes. If they don’t sell, first-time buyers have nothing to buy.
@unusual_whales Are you fucking kidding me? WHAT DO YOU OLD PEOPLE NEED MORE SPACE FOR?
@unusual_whales Family of four and five out of my six neighbors are elderly, four of those neighbors live alone Every home is above 2500 ft.².
@unusual_whales Crazy. Why would someone need more space at that age? I’m not there yet but I’ll be downsizing.
@unusual_whales spent our whole lives in teeny tiny houses. we want to have more space in our golden years. My husband and I are planning to upsize in a couple of years.
@unusual_whales "doubled" is doing a lot of work without the actual starting share, going from 4% to 8% and going from 25% to 50% are both technically a doubling, only one of those moves the housing supply.
@unusual_whales Sold my 1k sf house. Bought a 2k sf house. Buyer got a great house for the money. When you move from a craphole like Illinois to a place people want to visit (AZ) you need more space.
@unusual_whales seen the same in uk boomers snapping up 3‑bed houses, leaving fresh grads with crumbs councils watch the rent gap grow, streets go quiet.
@unusual_whales Interesting trend when lifestyle needs start outweighing location for homebuyers
@unusual_whales It's probably because their loser late-20s kids are moving back in because they suck at saving money spending all their money on conveniences
@unusual_whales boomers keep hoarding space while young people get priced out. classic.
@unusual_whales Important denominator: this is a changing age cohort, not the same people tracked since 2016. The trend is still striking. More buyers entering their 60s now want extra space, suggesting retirement no longer automatically means downsizing.
@unusual_whales Their kids are probably living with them…most of my friends are downsizing
@unusual_whales More space..., for what? Not me, I want less. Less stuff, less to clean, less crap for my kids to have to deal with when I'm gone.
@unusual_whales Weird. We’ve did the complete opposite by downsizing our last two homes we’ve owned. We wanted smaller, easier to maintain homes.
@unusual_whales More space as in house square footage or more land or both?
@unusual_whales Meanwhile ages 21 - 30 x.com/AnthonyGalli/status/2087…
@unusual_whales interesting how retirement now means upsizing, not downsizing, real estate demand shifts
@unusual_whales I think everyone desires more and larger space; it is not merely a matter of square footage, but rather having the extra room to attend to other important matters. A larger space is, at heart, everyone's greatest wish
@unusual_whales Could it be since their kids are broke they feel the need to buy the “vacation home”?
@unusual_whales I'm committed to never buying a house, only land, maybe not even building one, until markets crash. Either the markets crash or the governments hyper inflate them into birthrates so low the governments buy the homes.
@unusual_whales Older buyers chasing more space while first-timers fight for any feels inverted.
@unusual_whales The eclipse and meteor shower together make Aug 12 one of the busiest skywatching dates of the year. Calendars filled with small wins compound into something people remember far longer than one big splash.
@unusual_whales The weakness of the insatiable boomer is that they cannot throw anything away.
@unusual_whales Why the fuck do Boomers need more space? No wonder we can't get homes to raise our families. Fucking stupid motherfuckers...
@unusual_whales Code for having to move farther out from urban areas for safety concerns?
@unusual_whales At least some people can still support this distorted real estate market
@unusual_whales Adventurers dig deep, unearthing Martian treasures untold.
@unusual_whales yes please take space away from younger people who will then decide they don't have space to raise kids and hold off on it so our economy has no new inductees ahahaha
@unusual_whales Never forget boomers judged each other based on this statement: "He/she must be doing something right look at his house/car/rv/boat" It was never look how good their kids are or look at all the good he/she has done in the community.
@unusual_whales why? Because their adult children are still living with them?
@unusual_whales Uh why would an old person need more space... Fucking hoarders, they should be downsizing so their kids don't have to deal with all that SHIT when they die
@unusual_whales Drive by a house in a boomer neighborhood. If there is a garage door open you will see it packed floor to ceiling with boxes of junk. They are all hoarders. That’s why they want more space.
@unusual_whales Old people are uprising? What kind of economy is that?