How Baby Boomers and GenX are Affecting the Housing Market.

Baby Boomers and GenX buying houses and taking supply from the housing market in the US. These two generations of home buyers are buying homes for their kids and then keeping them as rentals when their kids move out. Baby boomers and GenX are currently the wealthiest generations ever in history and they are flexing their spending power by purchasing real estate.

Baby Boomers were born starting in 1946 and ended in mid 1964 and GenX is from mind 1964 to 1980. Those 36 years of births have brought about some of the wealthiest people on the planet, like Bill Gates, Elon Musk, etc. They are removing homes from the inventory as purchases for their children, but they are not giving the homes to their kids. They are keeping them and this has an effect of creating less homeowners, since the number of people who own homes are more concentrated than before.

Todd and Oana, who are both GenX, have numerous friends, acquaintances, and investors who are Boomers that have decided to buy homes for their kids when they get married or go to college, instead of helping them with downpayment, etc. Millenials and Gen Z are also large pools of home buyers, but they are being squeezed out by Baby Boomers and GenXers.

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