Posted: 07 Mar 2013 12:39 PM PST
An interesting article came out warning about where the next housing crisis may come from. The Atlantic Cities site, has a post saying that the Baby Boomers are going to have a hard time finding buyers of their homes when they go to sell.
The idea that the larger "McMansion" style homes will be harder to sell makes a great deal of sense. Those in their late 20′s and 30′s have just gone through a rough recession and have seen the damage that a housing recession can cause. Those coming out of college are so buried in student loans that housing purchases are beyond their ability. And the typical empty nest baby boomer just does not want to heat and cool such a large house in the face of high utility costs.
With the large amount of oversized homes built in the last 20 years, we know there is a huge amount of inventory that will be out there. So my question to you is, where is the demand for the larger homes going to come from?
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