Boomer Bomb

[4plexowner]

Bugs and I are always alluding to the potential effects of the Boomers selling their houses – here’s an article that talks about it:

http://www.signonsandiego.com/uniontrib/20080217/news_1h17sichelm.html

The most interesting thing to me:

“But the opposite is true in 13 other states – Alaska, California, Connecticut, Illinois, Indiana, New Jersey, New York, Maryland, Massachusetts, Michigan, Minnesota, Ohio and Rhode Island. In those states, the crossover point starts at age 55.”

This gives us some insight into what Boomers in California are likely to do with their houses over the next 10 years – and that is sell

~

To make an analogy to stock markets, the Boomers and their houses can be considered as ‘overhead supply’ that must be worked through before prices can return to previous highs, much less break through to new highs.

For example, the Dow’s high so far is 14,000 and change – everyone who bought the Dow above its current level of 12,300 is part of the overhead supply (also referred to as ‘overhead resistance’) of stocks that MAY be sold as prices try to return to the 14,000 level – not all of the overhead supply will be for sale but some percentage of that supply is just waiting to ‘get out even’ – as prices fail to return to the old highs, more and more of the overhead supply will capitulate and sell at a loss

Going forward in our local real estate market, we don’t know how many Boomers will a) never sell; b) ‘get out even’; or c) capitulate and sell at a loss – all we know is that some percentage of our local real estate market is owned by Baby Boomers and these owners are reaching a point in their lives where, historically, they have chosen to sell their houses and move on …

[4plexowner]

There’s a weakness in my logic

Many of the local Boomers are sitting in houses with equity (potentially lots of equity) so they don’t fit into the ‘overhead resistance’ analogy

These Boomers with equity can still be discussed in the ‘get out even’ category since these people have seen the peak prices reached in 2005 and may have to sell at prices below those peak values

If these Boomers with equity are planning to sell and move on, they will have a ‘get out even’ price in mind – as soon as prices return to that level they will sell – if prices don’t return to that level in a timeframe that meets their retirement planning, they may ‘capitulate’ and sell at the current market price which won’t represent a loss to them

[CMcG]

We are over 50 and not selling. We will die in this house. Raised one kid and could have raised two in our 1,350 square feet. I am truly perplexed by the McMansion thing. My parents had four kids plus grandma in 3,200 square feet. THAT I understand.

[CMcG]

We are over 50 and not selling. We will die in this house. Raised one kid and could have raised two in our 1,350 square feet. I am truly perplexed by the McMansion thing. My parents had four kids plus grandma in 3,200 square feet. THAT I understand.

[CMcG]

We are over 50 and not selling. We will die in this house. Raised one kid and could have raised two in our 1,350 square feet. I am truly perplexed by the McMansion thing. My parents had four kids plus grandma in 3,200 square feet. THAT I understand.

[CMcG]

We are over 50 and not selling. We will die in this house. Raised one kid and could have raised two in our 1,350 square feet. I am truly perplexed by the McMansion thing. My parents had four kids plus grandma in 3,200 square feet. THAT I understand.

[CMcG]

We are over 50 and not selling. We will die in this house. Raised one kid and could have raised two in our 1,350 square feet. I am truly perplexed by the McMansion thing. My parents had four kids plus grandma in 3,200 square feet. THAT I understand.

[4plexowner]

There’s a weakness in my logic

Many of the local Boomers are sitting in houses with equity (potentially lots of equity) so they don’t fit into the ‘overhead resistance’ analogy

These Boomers with equity can still be discussed in the ‘get out even’ category since these people have seen the peak prices reached in 2005 and may have to sell at prices below those peak values

If these Boomers with equity are planning to sell and move on, they will have a ‘get out even’ price in mind – as soon as prices return to that level they will sell – if prices don’t return to that level in a timeframe that meets their retirement planning, they may ‘capitulate’ and sell at the current market price which won’t represent a loss to them

[4plexowner]

There’s a weakness in my logic

Many of the local Boomers are sitting in houses with equity (potentially lots of equity) so they don’t fit into the ‘overhead resistance’ analogy

These Boomers with equity can still be discussed in the ‘get out even’ category since these people have seen the peak prices reached in 2005 and may have to sell at prices below those peak values

If these Boomers with equity are planning to sell and move on, they will have a ‘get out even’ price in mind – as soon as prices return to that level they will sell – if prices don’t return to that level in a timeframe that meets their retirement planning, they may ‘capitulate’ and sell at the current market price which won’t represent a loss to them

[4plexowner]

There’s a weakness in my logic

Many of the local Boomers are sitting in houses with equity (potentially lots of equity) so they don’t fit into the ‘overhead resistance’ analogy

These Boomers with equity can still be discussed in the ‘get out even’ category since these people have seen the peak prices reached in 2005 and may have to sell at prices below those peak values

If these Boomers with equity are planning to sell and move on, they will have a ‘get out even’ price in mind – as soon as prices return to that level they will sell – if prices don’t return to that level in a timeframe that meets their retirement planning, they may ‘capitulate’ and sell at the current market price which won’t represent a loss to them

[4plexowner]

There’s a weakness in my logic

Many of the local Boomers are sitting in houses with equity (potentially lots of equity) so they don’t fit into the ‘overhead resistance’ analogy

These Boomers with equity can still be discussed in the ‘get out even’ category since these people have seen the peak prices reached in 2005 and may have to sell at prices below those peak values

If these Boomers with equity are planning to sell and move on, they will have a ‘get out even’ price in mind – as soon as prices return to that level they will sell – if prices don’t return to that level in a timeframe that meets their retirement planning, they may ‘capitulate’ and sell at the current market price which won’t represent a loss to them

[Peace]

I was listening to a hearing on C-Span a few months back about the state of the economy, one of the surprises to everyone was that in projecting the future it was assumed that there were a lot of baby boomers sitting on a lot of equity, but research proved that WRONG – much to everyone’s dismay was that baby boomers have tapped into their equity as severely as all the population. The forecast for the future state of the economy had been betting on the baby boomers having equity, and that had many of the “experts” at the hearing shaking in their boots.

Anyway, you who are whippersnappers, don’t assume that the baby boomer homeowners are sitting on a pile of equity. I personnally know many who have had to spend the bulk of it helping their adult kids – another trickle down of this insane economy.

[Peace]

I was listening to a hearing on C-Span a few months back about the state of the economy, one of the surprises to everyone was that in projecting the future it was assumed that there were a lot of baby boomers sitting on a lot of equity, but research proved that WRONG – much to everyone’s dismay was that baby boomers have tapped into their equity as severely as all the population. The forecast for the future state of the economy had been betting on the baby boomers having equity, and that had many of the “experts” at the hearing shaking in their boots.

Anyway, you who are whippersnappers, don’t assume that the baby boomer homeowners are sitting on a pile of equity. I personnally know many who have had to spend the bulk of it helping their adult kids – another trickle down of this insane economy.

[Peace]

I was listening to a hearing on C-Span a few months back about the state of the economy, one of the surprises to everyone was that in projecting the future it was assumed that there were a lot of baby boomers sitting on a lot of equity, but research proved that WRONG – much to everyone’s dismay was that baby boomers have tapped into their equity as severely as all the population. The forecast for the future state of the economy had been betting on the baby boomers having equity, and that had many of the “experts” at the hearing shaking in their boots.

Anyway, you who are whippersnappers, don’t assume that the baby boomer homeowners are sitting on a pile of equity. I personnally know many who have had to spend the bulk of it helping their adult kids – another trickle down of this insane economy.

[Peace]

I was listening to a hearing on C-Span a few months back about the state of the economy, one of the surprises to everyone was that in projecting the future it was assumed that there were a lot of baby boomers sitting on a lot of equity, but research proved that WRONG – much to everyone’s dismay was that baby boomers have tapped into their equity as severely as all the population. The forecast for the future state of the economy had been betting on the baby boomers having equity, and that had many of the “experts” at the hearing shaking in their boots.

Anyway, you who are whippersnappers, don’t assume that the baby boomer homeowners are sitting on a pile of equity. I personnally know many who have had to spend the bulk of it helping their adult kids – another trickle down of this insane economy.

[Peace]

I was listening to a hearing on C-Span a few months back about the state of the economy, one of the surprises to everyone was that in projecting the future it was assumed that there were a lot of baby boomers sitting on a lot of equity, but research proved that WRONG – much to everyone’s dismay was that baby boomers have tapped into their equity as severely as all the population. The forecast for the future state of the economy had been betting on the baby boomers having equity, and that had many of the “experts” at the hearing shaking in their boots.

Anyway, you who are whippersnappers, don’t assume that the baby boomer homeowners are sitting on a pile of equity. I personnally know many who have had to spend the bulk of it helping their adult kids – another trickle down of this insane economy.

[DWCAP]

Just a very random example of what 4plex is saying is true.

I moved from Clairmont to Mira Mesa in the winter of 06. I began walking around my neighborhood to try to learn the area in a way alot better than you can get in a car. I do this in every area I live in.
I met a couple having a garage sale, selling most everything but the kitchen sink. Wondering if this was one of those mystical “repo” sales I had heard so much about on late night infomershals, I started talking to them. Nope, they were older boomers, 58 and 55 I think, who were the houses original owners from 1986. They had bought the house for something like 120k, and just sold for 500k.

1) They were terribly disapointed that they ONLY got 500k. They felt the house was easily worth 550-600k but they had to move now so couldnt sit it out any longer.

2) They were moving to the midwest to a house closer to the kids that was gonna cost them 85k. It was time to “retire someplace we can afford.”

This was their retirment plan. They were cashing out. They got out just in time, i think this was like March of 07. I dont think alot of their long time neighbors are going to be so lucky.
So 4plex I think you are correct in your revision of your post. They may on paper have equity and be ok. But they are nowhere near as rich as they had counted on as in their minds this money had already been allocated to retirment and “spent” (ie they couldnt blow it). Anything less than peak pricing was crushing.
More and more retiries will have to sell into a depressing market inorder to retire, with the ones to the door first getting the biggest crumbs left. Are alot of boomers staying put, sure, ofcourse. But the boomers are a big generation, and not everyone needs to try for the door inmass to kill a weak market.

In short, I do think this theory has legs, even if not every boomer is planning on selling. The demand just wont be there as boomers try to get out, and the supply will be of the must sell kind, even if it isnt so on paper.

[DWCAP]

Just a very random example of what 4plex is saying is true.

I moved from Clairmont to Mira Mesa in the winter of 06. I began walking around my neighborhood to try to learn the area in a way alot better than you can get in a car. I do this in every area I live in.
I met a couple having a garage sale, selling most everything but the kitchen sink. Wondering if this was one of those mystical “repo” sales I had heard so much about on late night infomershals, I started talking to them. Nope, they were older boomers, 58 and 55 I think, who were the houses original owners from 1986. They had bought the house for something like 120k, and just sold for 500k.

1) They were terribly disapointed that they ONLY got 500k. They felt the house was easily worth 550-600k but they had to move now so couldnt sit it out any longer.

2) They were moving to the midwest to a house closer to the kids that was gonna cost them 85k. It was time to “retire someplace we can afford.”

This was their retirment plan. They were cashing out. They got out just in time, i think this was like March of 07. I dont think alot of their long time neighbors are going to be so lucky.
So 4plex I think you are correct in your revision of your post. They may on paper have equity and be ok. But they are nowhere near as rich as they had counted on as in their minds this money had already been allocated to retirment and “spent” (ie they couldnt blow it). Anything less than peak pricing was crushing.
More and more retiries will have to sell into a depressing market inorder to retire, with the ones to the door first getting the biggest crumbs left. Are alot of boomers staying put, sure, ofcourse. But the boomers are a big generation, and not everyone needs to try for the door inmass to kill a weak market.

In short, I do think this theory has legs, even if not every boomer is planning on selling. The demand just wont be there as boomers try to get out, and the supply will be of the must sell kind, even if it isnt so on paper.

[DWCAP]

Just a very random example of what 4plex is saying is true.

I moved from Clairmont to Mira Mesa in the winter of 06. I began walking around my neighborhood to try to learn the area in a way alot better than you can get in a car. I do this in every area I live in.
I met a couple having a garage sale, selling most everything but the kitchen sink. Wondering if this was one of those mystical “repo” sales I had heard so much about on late night infomershals, I started talking to them. Nope, they were older boomers, 58 and 55 I think, who were the houses original owners from 1986. They had bought the house for something like 120k, and just sold for 500k.

1) They were terribly disapointed that they ONLY got 500k. They felt the house was easily worth 550-600k but they had to move now so couldnt sit it out any longer.

2) They were moving to the midwest to a house closer to the kids that was gonna cost them 85k. It was time to “retire someplace we can afford.”

This was their retirment plan. They were cashing out. They got out just in time, i think this was like March of 07. I dont think alot of their long time neighbors are going to be so lucky.
So 4plex I think you are correct in your revision of your post. They may on paper have equity and be ok. But they are nowhere near as rich as they had counted on as in their minds this money had already been allocated to retirment and “spent” (ie they couldnt blow it). Anything less than peak pricing was crushing.
More and more retiries will have to sell into a depressing market inorder to retire, with the ones to the door first getting the biggest crumbs left. Are alot of boomers staying put, sure, ofcourse. But the boomers are a big generation, and not everyone needs to try for the door inmass to kill a weak market.

In short, I do think this theory has legs, even if not every boomer is planning on selling. The demand just wont be there as boomers try to get out, and the supply will be of the must sell kind, even if it isnt so on paper.

[DWCAP]

Just a very random example of what 4plex is saying is true.

I moved from Clairmont to Mira Mesa in the winter of 06. I began walking around my neighborhood to try to learn the area in a way alot better than you can get in a car. I do this in every area I live in.
I met a couple having a garage sale, selling most everything but the kitchen sink. Wondering if this was one of those mystical “repo” sales I had heard so much about on late night infomershals, I started talking to them. Nope, they were older boomers, 58 and 55 I think, who were the houses original owners from 1986. They had bought the house for something like 120k, and just sold for 500k.

1) They were terribly disapointed that they ONLY got 500k. They felt the house was easily worth 550-600k but they had to move now so couldnt sit it out any longer.

2) They were moving to the midwest to a house closer to the kids that was gonna cost them 85k. It was time to “retire someplace we can afford.”

This was their retirment plan. They were cashing out. They got out just in time, i think this was like March of 07. I dont think alot of their long time neighbors are going to be so lucky.
So 4plex I think you are correct in your revision of your post. They may on paper have equity and be ok. But they are nowhere near as rich as they had counted on as in their minds this money had already been allocated to retirment and “spent” (ie they couldnt blow it). Anything less than peak pricing was crushing.
More and more retiries will have to sell into a depressing market inorder to retire, with the ones to the door first getting the biggest crumbs left. Are alot of boomers staying put, sure, ofcourse. But the boomers are a big generation, and not everyone needs to try for the door inmass to kill a weak market.

In short, I do think this theory has legs, even if not every boomer is planning on selling. The demand just wont be there as boomers try to get out, and the supply will be of the must sell kind, even if it isnt so on paper.

[DWCAP]

Just a very random example of what 4plex is saying is true.

I moved from Clairmont to Mira Mesa in the winter of 06. I began walking around my neighborhood to try to learn the area in a way alot better than you can get in a car. I do this in every area I live in.
I met a couple having a garage sale, selling most everything but the kitchen sink. Wondering if this was one of those mystical “repo” sales I had heard so much about on late night infomershals, I started talking to them. Nope, they were older boomers, 58 and 55 I think, who were the houses original owners from 1986. They had bought the house for something like 120k, and just sold for 500k.

1) They were terribly disapointed that they ONLY got 500k. They felt the house was easily worth 550-600k but they had to move now so couldnt sit it out any longer.

2) They were moving to the midwest to a house closer to the kids that was gonna cost them 85k. It was time to “retire someplace we can afford.”

This was their retirment plan. They were cashing out. They got out just in time, i think this was like March of 07. I dont think alot of their long time neighbors are going to be so lucky.
So 4plex I think you are correct in your revision of your post. They may on paper have equity and be ok. But they are nowhere near as rich as they had counted on as in their minds this money had already been allocated to retirment and “spent” (ie they couldnt blow it). Anything less than peak pricing was crushing.
More and more retiries will have to sell into a depressing market inorder to retire, with the ones to the door first getting the biggest crumbs left. Are alot of boomers staying put, sure, ofcourse. But the boomers are a big generation, and not everyone needs to try for the door inmass to kill a weak market.

In short, I do think this theory has legs, even if not every boomer is planning on selling. The demand just wont be there as boomers try to get out, and the supply will be of the must sell kind, even if it isnt so on paper.

[Eugene]

States with crossover at 55 are undesirable for retirement (bad climate). States with crossover at 75 are popular retirement destinations. Starting at 55, baby boomers from New Jersey cash out their equity and move to Florida. Starting at 75, baby boomers from Florida sell their houses and move to retirement homes (or die).

The only exception is California which is nice climate-wise but so expensive that few people can afford to retire there.

Fortunately now we have a lot of affordable inventory in parts of the country with dry warm climate – Riverside, San Bernardino, San Joaquin counties.

[patientlywaiting]

Interesting post 4plex.

I have to wonder what boomers will do in the suburbs once they can’t drive anymore. In this highly mobile society, children live far from their parents. Parents will have to sell to live closer to their children; or children will have to make sacrifices to take care of their parents.

One thing is sure about the boomers. They changed our society when they were born. And they will change society again when they die.

I would never want to retire in a sprawl that is Riverside. I personally think the towns of Southern Europe are great places to retire. Live in small house (or apartment) near a walkable town center were you can go to the grocery store without a car. You can make friends and meet them at the local cafe and restaurants everyday. Any suggestion for such a place in America?

[nostradamus]

One point I haven’t seen mentioned is medical expenses. Basic care is extremely costly and heaven forbid you should need a major medical procedure in your old age. This might be a motivating factor in selling property.

[condogrrl]

Medicare will take care of you in your old age. So far after my first 6 months on Medicare, it seems to work well. With a Medicare supplement plan, I have co-pays only on prescriptions.

[condogrrl]

Medicare will take care of you in your old age. So far after my first 6 months on Medicare, it seems to work well. With a Medicare supplement plan, I have co-pays only on prescriptions.

[condogrrl]

Medicare will take care of you in your old age. So far after my first 6 months on Medicare, it seems to work well. With a Medicare supplement plan, I have co-pays only on prescriptions.

[condogrrl]

Medicare will take care of you in your old age. So far after my first 6 months on Medicare, it seems to work well. With a Medicare supplement plan, I have co-pays only on prescriptions.

[condogrrl]

Medicare will take care of you in your old age. So far after my first 6 months on Medicare, it seems to work well. With a Medicare supplement plan, I have co-pays only on prescriptions.

[nostradamus]

One point I haven’t seen mentioned is medical expenses. Basic care is extremely costly and heaven forbid you should need a major medical procedure in your old age. This might be a motivating factor in selling property.

[nostradamus]

One point I haven’t seen mentioned is medical expenses. Basic care is extremely costly and heaven forbid you should need a major medical procedure in your old age. This might be a motivating factor in selling property.

[nostradamus]

One point I haven’t seen mentioned is medical expenses. Basic care is extremely costly and heaven forbid you should need a major medical procedure in your old age. This might be a motivating factor in selling property.

[nostradamus]

One point I haven’t seen mentioned is medical expenses. Basic care is extremely costly and heaven forbid you should need a major medical procedure in your old age. This might be a motivating factor in selling property.

[patientlywaiting]

Interesting post 4plex.

I have to wonder what boomers will do in the suburbs once they can’t drive anymore. In this highly mobile society, children live far from their parents. Parents will have to sell to live closer to their children; or children will have to make sacrifices to take care of their parents.

One thing is sure about the boomers. They changed our society when they were born. And they will change society again when they die.

I would never want to retire in a sprawl that is Riverside. I personally think the towns of Southern Europe are great places to retire. Live in small house (or apartment) near a walkable town center were you can go to the grocery store without a car. You can make friends and meet them at the local cafe and restaurants everyday. Any suggestion for such a place in America?

[patientlywaiting]

Interesting post 4plex.

I have to wonder what boomers will do in the suburbs once they can’t drive anymore. In this highly mobile society, children live far from their parents. Parents will have to sell to live closer to their children; or children will have to make sacrifices to take care of their parents.

One thing is sure about the boomers. They changed our society when they were born. And they will change society again when they die.

I would never want to retire in a sprawl that is Riverside. I personally think the towns of Southern Europe are great places to retire. Live in small house (or apartment) near a walkable town center were you can go to the grocery store without a car. You can make friends and meet them at the local cafe and restaurants everyday. Any suggestion for such a place in America?

[patientlywaiting]

Interesting post 4plex.

I have to wonder what boomers will do in the suburbs once they can’t drive anymore. In this highly mobile society, children live far from their parents. Parents will have to sell to live closer to their children; or children will have to make sacrifices to take care of their parents.

One thing is sure about the boomers. They changed our society when they were born. And they will change society again when they die.

I would never want to retire in a sprawl that is Riverside. I personally think the towns of Southern Europe are great places to retire. Live in small house (or apartment) near a walkable town center were you can go to the grocery store without a car. You can make friends and meet them at the local cafe and restaurants everyday. Any suggestion for such a place in America?

[patientlywaiting]

Interesting post 4plex.

I have to wonder what boomers will do in the suburbs once they can’t drive anymore. In this highly mobile society, children live far from their parents. Parents will have to sell to live closer to their children; or children will have to make sacrifices to take care of their parents.

One thing is sure about the boomers. They changed our society when they were born. And they will change society again when they die.

I would never want to retire in a sprawl that is Riverside. I personally think the towns of Southern Europe are great places to retire. Live in small house (or apartment) near a walkable town center were you can go to the grocery store without a car. You can make friends and meet them at the local cafe and restaurants everyday. Any suggestion for such a place in America?

[Eugene]

States with crossover at 55 are undesirable for retirement (bad climate). States with crossover at 75 are popular retirement destinations. Starting at 55, baby boomers from New Jersey cash out their equity and move to Florida. Starting at 75, baby boomers from Florida sell their houses and move to retirement homes (or die).

The only exception is California which is nice climate-wise but so expensive that few people can afford to retire there.

Fortunately now we have a lot of affordable inventory in parts of the country with dry warm climate – Riverside, San Bernardino, San Joaquin counties.

[Eugene]

States with crossover at 55 are undesirable for retirement (bad climate). States with crossover at 75 are popular retirement destinations. Starting at 55, baby boomers from New Jersey cash out their equity and move to Florida. Starting at 75, baby boomers from Florida sell their houses and move to retirement homes (or die).

The only exception is California which is nice climate-wise but so expensive that few people can afford to retire there.

Fortunately now we have a lot of affordable inventory in parts of the country with dry warm climate – Riverside, San Bernardino, San Joaquin counties.

[Eugene]

States with crossover at 55 are undesirable for retirement (bad climate). States with crossover at 75 are popular retirement destinations. Starting at 55, baby boomers from New Jersey cash out their equity and move to Florida. Starting at 75, baby boomers from Florida sell their houses and move to retirement homes (or die).

The only exception is California which is nice climate-wise but so expensive that few people can afford to retire there.

Fortunately now we have a lot of affordable inventory in parts of the country with dry warm climate – Riverside, San Bernardino, San Joaquin counties.

[Eugene]

States with crossover at 55 are undesirable for retirement (bad climate). States with crossover at 75 are popular retirement destinations. Starting at 55, baby boomers from New Jersey cash out their equity and move to Florida. Starting at 75, baby boomers from Florida sell their houses and move to retirement homes (or die).

The only exception is California which is nice climate-wise but so expensive that few people can afford to retire there.

Fortunately now we have a lot of affordable inventory in parts of the country with dry warm climate – Riverside, San Bernardino, San Joaquin counties.

[Peace]

I also think that many of the baby boomers bought homes to get into the good neighborhoods and good school districts knowing full well that they did not want to “carry” the big house with big costs into retirement.
It was part of their “retirement plan” to sacrifice while raising the kids and make up for it later by cashing out.
But like I said in earlier post, many baby boomers have been cashing out all along the way (equity loans) and didn’t count on not being able to cash out.
The best thing some state could do right now is to make retirees offers they can’t refuse. This is how I see it, revive some of the dying urban areas and offer very nice small condos or cottages within walking distance to all amenities and great public transportation to and from adjacent metropolitan areas that offer state of the art medical facilities.
And, of course low, low taxes

[blahblahblah]

Also, don’t forget that the boomers will soon start withdrawing from their 401Ks to make ends meet. This will be a lot of new sellers in the stock market over the next few years. Not to worry, I’m sure our illegal immigrants will buy up everything they’re selling! Those strawberry pickers and vineyard workers buy a lot of stocks and mutual funds, you know…

[blahblahblah]

Also, don’t forget that the boomers will soon start withdrawing from their 401Ks to make ends meet. This will be a lot of new sellers in the stock market over the next few years. Not to worry, I’m sure our illegal immigrants will buy up everything they’re selling! Those strawberry pickers and vineyard workers buy a lot of stocks and mutual funds, you know…

[blahblahblah]

Also, don’t forget that the boomers will soon start withdrawing from their 401Ks to make ends meet. This will be a lot of new sellers in the stock market over the next few years. Not to worry, I’m sure our illegal immigrants will buy up everything they’re selling! Those strawberry pickers and vineyard workers buy a lot of stocks and mutual funds, you know…

[blahblahblah]

Also, don’t forget that the boomers will soon start withdrawing from their 401Ks to make ends meet. This will be a lot of new sellers in the stock market over the next few years. Not to worry, I’m sure our illegal immigrants will buy up everything they’re selling! Those strawberry pickers and vineyard workers buy a lot of stocks and mutual funds, you know…

[blahblahblah]

Also, don’t forget that the boomers will soon start withdrawing from their 401Ks to make ends meet. This will be a lot of new sellers in the stock market over the next few years. Not to worry, I’m sure our illegal immigrants will buy up everything they’re selling! Those strawberry pickers and vineyard workers buy a lot of stocks and mutual funds, you know…

[Peace]

I also think that many of the baby boomers bought homes to get into the good neighborhoods and good school districts knowing full well that they did not want to “carry” the big house with big costs into retirement.
It was part of their “retirement plan” to sacrifice while raising the kids and make up for it later by cashing out.
But like I said in earlier post, many baby boomers have been cashing out all along the way (equity loans) and didn’t count on not being able to cash out.
The best thing some state could do right now is to make retirees offers they can’t refuse. This is how I see it, revive some of the dying urban areas and offer very nice small condos or cottages within walking distance to all amenities and great public transportation to and from adjacent metropolitan areas that offer state of the art medical facilities.
And, of course low, low taxes

[Peace]

I also think that many of the baby boomers bought homes to get into the good neighborhoods and good school districts knowing full well that they did not want to “carry” the big house with big costs into retirement.
It was part of their “retirement plan” to sacrifice while raising the kids and make up for it later by cashing out.
But like I said in earlier post, many baby boomers have been cashing out all along the way (equity loans) and didn’t count on not being able to cash out.
The best thing some state could do right now is to make retirees offers they can’t refuse. This is how I see it, revive some of the dying urban areas and offer very nice small condos or cottages within walking distance to all amenities and great public transportation to and from adjacent metropolitan areas that offer state of the art medical facilities.
And, of course low, low taxes

[Peace]

I also think that many of the baby boomers bought homes to get into the good neighborhoods and good school districts knowing full well that they did not want to “carry” the big house with big costs into retirement.
It was part of their “retirement plan” to sacrifice while raising the kids and make up for it later by cashing out.
But like I said in earlier post, many baby boomers have been cashing out all along the way (equity loans) and didn’t count on not being able to cash out.
The best thing some state could do right now is to make retirees offers they can’t refuse. This is how I see it, revive some of the dying urban areas and offer very nice small condos or cottages within walking distance to all amenities and great public transportation to and from adjacent metropolitan areas that offer state of the art medical facilities.
And, of course low, low taxes

[Peace]

I also think that many of the baby boomers bought homes to get into the good neighborhoods and good school districts knowing full well that they did not want to “carry” the big house with big costs into retirement.
It was part of their “retirement plan” to sacrifice while raising the kids and make up for it later by cashing out.
But like I said in earlier post, many baby boomers have been cashing out all along the way (equity loans) and didn’t count on not being able to cash out.
The best thing some state could do right now is to make retirees offers they can’t refuse. This is how I see it, revive some of the dying urban areas and offer very nice small condos or cottages within walking distance to all amenities and great public transportation to and from adjacent metropolitan areas that offer state of the art medical facilities.
And, of course low, low taxes

[macmichael]

Another perspective

We are leading edge of BB’s. Professionals, both still working, by choice, but moving to part time. Seriously looking to sell in Spring. With a very good amount of equity still intact.

My analysis – prices are years from recovery to 2005 / 2006 levels even in the best of hoods. Easy to get 7.5% + in safe investments. So makes way more sense to sell, rent and put equity out to get a good return.

Probably about 1 – 2 years left in SD and then split time between Palm Desert and Oregon. SD too expensive, too much traffic and so on. I will enjoy coming back over the mountains for several days at a time, but living here all the time – no. There are just way more options. possibilities and adventures to persue.

Conversely we will continue to hold rentals we own in SD as long term rents will keep on climbing. Even thinking of buying some additional rentals as prices / ROI is starting to make sense again.

[macmichael]

Another perspective

We are leading edge of BB’s. Professionals, both still working, by choice, but moving to part time. Seriously looking to sell in Spring. With a very good amount of equity still intact.

My analysis – prices are years from recovery to 2005 / 2006 levels even in the best of hoods. Easy to get 7.5% + in safe investments. So makes way more sense to sell, rent and put equity out to get a good return.

Probably about 1 – 2 years left in SD and then split time between Palm Desert and Oregon. SD too expensive, too much traffic and so on. I will enjoy coming back over the mountains for several days at a time, but living here all the time – no. There are just way more options. possibilities and adventures to persue.

Conversely we will continue to hold rentals we own in SD as long term rents will keep on climbing. Even thinking of buying some additional rentals as prices / ROI is starting to make sense again.

[macmichael]

Another perspective

We are leading edge of BB’s. Professionals, both still working, by choice, but moving to part time. Seriously looking to sell in Spring. With a very good amount of equity still intact.

My analysis – prices are years from recovery to 2005 / 2006 levels even in the best of hoods. Easy to get 7.5% + in safe investments. So makes way more sense to sell, rent and put equity out to get a good return.

Probably about 1 – 2 years left in SD and then split time between Palm Desert and Oregon. SD too expensive, too much traffic and so on. I will enjoy coming back over the mountains for several days at a time, but living here all the time – no. There are just way more options. possibilities and adventures to persue.

Conversely we will continue to hold rentals we own in SD as long term rents will keep on climbing. Even thinking of buying some additional rentals as prices / ROI is starting to make sense again.

[macmichael]

Another perspective

We are leading edge of BB’s. Professionals, both still working, by choice, but moving to part time. Seriously looking to sell in Spring. With a very good amount of equity still intact.

My analysis – prices are years from recovery to 2005 / 2006 levels even in the best of hoods. Easy to get 7.5% + in safe investments. So makes way more sense to sell, rent and put equity out to get a good return.

Probably about 1 – 2 years left in SD and then split time between Palm Desert and Oregon. SD too expensive, too much traffic and so on. I will enjoy coming back over the mountains for several days at a time, but living here all the time – no. There are just way more options. possibilities and adventures to persue.

Conversely we will continue to hold rentals we own in SD as long term rents will keep on climbing. Even thinking of buying some additional rentals as prices / ROI is starting to make sense again.

[macmichael]

Another perspective

We are leading edge of BB’s. Professionals, both still working, by choice, but moving to part time. Seriously looking to sell in Spring. With a very good amount of equity still intact.

My analysis – prices are years from recovery to 2005 / 2006 levels even in the best of hoods. Easy to get 7.5% + in safe investments. So makes way more sense to sell, rent and put equity out to get a good return.

Probably about 1 – 2 years left in SD and then split time between Palm Desert and Oregon. SD too expensive, too much traffic and so on. I will enjoy coming back over the mountains for several days at a time, but living here all the time – no. There are just way more options. possibilities and adventures to persue.

Conversely we will continue to hold rentals we own in SD as long term rents will keep on climbing. Even thinking of buying some additional rentals as prices / ROI is starting to make sense again.

[Author]

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