So, the reality is, we're all slowly but surely dying off.
What's gonna happen when we're gone?
Starting this year and basically for the next 12 to 20 years, we are going to see a rapidly dying population among the Baby Boomers simply because we are aging towards and beyond 80. The next generation will not be able to fill the gaps left behind in terms of housing and income. This will make profound changes in the society and its effects will be keenly felt in places like The Villages and Sun City, Arizona where there is concentration of retirees. The age restrictions will fade away in who can buy houses in these retirement communities because by 2038, it is expected that 9 million houses may be unsold if age restrictions are not removed.
This glut of housing is going to surely put pressure on prices and house prices will decline in The Villages and Sun City, Arizona and elsewhere over the next 12 - 20 years.
Now there's something to look forward to, huh?
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