"Despite potential increases in new construction, most of the houses that seniors will release in coming years were built when energy was inexpensive, nuclear families were the rule, incomes were increasing for most Americans, and mortgages were generally predictable and easy to obtain. …the next 20 to 30 years to depart from this historic picture, with more expensive energy, growing diversity in race, ethnicity and in household structure, and more intense international economic competition." — scribd.com
the bipartisan policy center's look at the housing markets 20 years on. the upshot? there's a lot of boomer excess on the way, with no natural built-in market to absorb it. the fallout could affect everything from neighborhood infrastructure to inheritance patterns to social fabrics...
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