Companies use the current crisis as excuses to get rid of their older workers and this forces lots of baby boomers to lose their jobs. For the most of them, they have no choice but to sell their homes to get as much as money they could and go either downsize, renting or moving to cheaper places. I am already seeing this is happening to my colleagues.
I think, as a result of this and the sheer number of baby boomers, will put a downward pressure on both home prices and rentals. Coupled with “doubling up” for younger generations, this is “historical”.
