[quote=sdrealtor]BG
That sounds about right for the typical Chula Vista elderly couple. Not everyone lives in CV or coastal county. The examples are all over the board. With that said very few of the greatest genration inerited anything at all. Most were immigrants or 1st generation americans. Now inheritances are far more common for boomers than they were for parents of boomers.[/quote]
Very true, but you also have to consider the fact that Boomers tend to have MUCH more debt than the “Greatest Generation,” so instead of adding to their own wealth, they might just be going from negative $300K net worth to zero. That’s certainly better than nothing, but not necessarily enough to make them buy up all kinds of high-end houses.
BTW, even in your example where they have a $1MM estate tax, the kids are SELLING property, not buying it…or, they might sell some and buy some other properties, having a neutral effect on supply/demand/prices.
