The bubble will inevitably pop as the boomers start dying and the housing supply relative to the population starts increasing. Plus no want wants to pay for the catchup work needed to address 30 years of deferred maintenance, so a lot of houses will go for cheap.
Exactly. Example: my dad’s house needs 3 new bathrooms, a new roof and repaint. Also new basement lighting and a new family room carpet. What people will be buying is the closeness to grocery, Costco, the highway, rural views, a lake, and a major airport.
This. I was going to mention the depracating property. Our place needs a new roof soon. I have seen people skip it as well as lots of other outside water shielding maintenance and the place is a rotten mess 50 years later
The bubble will inevitably pop as the boomers start dying and the housing supply relative to the population starts increasing. Plus no want wants to pay for the catchup work needed to address 30 years of deferred maintenance, so a lot of houses will go for cheap.
Exactly. Example: my dad’s house needs 3 new bathrooms, a new roof and repaint. Also new basement lighting and a new family room carpet. What people will be buying is the closeness to grocery, Costco, the highway, rural views, a lake, and a major airport.
This. I was going to mention the depracating property. Our place needs a new roof soon. I have seen people skip it as well as lots of other outside water shielding maintenance and the place is a rotten mess 50 years later