• Blackbeard@lemmy.worldM
    link
    fedilink
    English
    arrow-up
    12
    ·
    11 days ago

    Also boomers are both buying retirement homes and holding onto their previous homes, rather than letting them go back on the market and alleviate some of the shortage. They have more purchasing power than any of the younger generations because they have decades of equity built up, and they’re trying to keep their previous homes to pass onto their children. Both are contributing to the upward price pressure.