We see real estate prices falling greatly in the near future
- Baby boomers are now trying to sell their large overpriced homes
- So, who is the target customer for a mortgage?
- This generation is rebelling…
We see real estate prices falling greatly in the near future by as much as 50 percent. Why? Because there’s an interesting dynamic happening in society.
Baby boomers are now trying to sell their large overpriced homes and not succeeding. Who wants to buy them? Not their children. That generation is still in their starter homes, or have maybe moved up once and are themselves saddled with a large mortgage and an overpriced home.
So, who is the target customer for a mortgage? It’s the baby boomers’ grandchildren. The ones in their 20’s and 30’s who are earning money, but not like their parents did. Many are also strapped with a student loan. It’s this generation that is disconnecting themselves from the mainstream of society, just like the baby boomers who dropped out of society in the 60’s and 70’s.
This generation is rebelling against the banks and large corporations. Besides not having high-paying jobs, this generation is fed up with the greed and corruption of the bankers and Wall Street. They will not saddle themselves with a huge mortgage loan in order to become a slave to the banks they detest. Nor will they invest any of their wealth in Wall Street shenanigans. This dynamic will cripple the banks, Wall Street and the housing industry.
QUESTION: What should readers take away from this message today?
ANSWER: That in order to sell real estate you have to have willing buyers. Society thought that each generation would want what their parents and grandparents had.
QUESTION: Why is this information timely?
ANSWER: This information is timely because society thought that each generation would want what their parent and grandparent had.
QUESTION: How can readers best apply this information to their lives right now?
ANSWER: Take a good look at why you own or would want to own real estate. Once you buy a home it will own you for a long time.
COMMENTARY: It will take this new 20-30 something generation to create the big shift in the old structures. This generation will make almost everything that used to represent stability look like a dinosaur. They don’t have things based on investment potential. They don’t even consider owning things. These are the throw away generations because in their world everything has a short life. Real estate is the last of the dinosaurs as far as they are concerned. Everything associated with real estate works against their interests and lifestyles. They have witnessed their parents and grandparents suffering because of their real estate and stock market losses. So, in addition to the lousy economy, this generation is going to deliver real estate its final blow.