Do mean people rushing out to buy houses? If so, I doubt it. In my situation and many that I know, the elders are just as, if not more dependent. That could preclude the purchase of another home unless we’re talking one of those monsterous 6+ bedroom places.
Actually, my wife and I went for an exploratory drive through Scripps Ranch/Southern Poway, maybe a year and a half ago. We came across these enormous houses. I can’t remember the name of the developments.
These houses looked like regular houses but, super sized with at most a 3 car garage. I wondered out loud of the logic of having so many large houses in relatively close quarters without a place to park.
At the time we joking that the only way to afford them was to have multiple families living there to support the expenses. Then, it hit us, that’s going to be us, at least of the need side. I doubt we’ll be able to afford it unless the prices come down substantially.
Quite a few of my friends are starting to come to the same realization. I used to think the proliferation of mcmansions was a great misallocation of resources but, now I’m not so sure.
