[quote=bearishgurl]
I agree that the “under 40” generation (maybe even a little older than that) typically does NOT want mom and dad’s 50’s to 70’s rambling ranch or large two story on a large lot. They’re not wired for CAT-5 and the under 40 crowd, in particular, cannot envision what the place would look like with a minor or slightly major facelift and xeriscape (to save water). It seems they would rather live further out of town in a “planned community” and pay MR and HOA. This is sad to me because most of these large suburban houses in CA to be dumped by downsizing baby boomers and even depresssion-era owners (born abt. 1930-1945) in the coming years are situated on large lots in some of the BEST and FINEST locations in the state which can never be duplicated :={[/quote]
As buyers who are looking specifically for a ranch style home on a large lot, I can assure you that there is LOTS of demand for these homes. We can’t even get our foot in the door when one of these comes up, as there are always multiple offers and plenty of buyers who are more than willing to pay premium price (even above “peak” prices) for these homes.
