"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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Hey Greg! You should add a link for this. Search with the snippet takes me to a Lowe's page. Is that the one?
was referenced in dailybeast article, but lifted from a bipartisan policy center report (pdf) from march.
thanks for the link holz - i didn't see in the daily beast, but it could have been referenced from there. the report is the same link.
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