Originally Posted by
Sata 4000 RP
FWIW there's another big housing 'adjustment' just around the corner which will drive down values once again due to over supply.
As the baby boomers retire in droves, they will need to unload that big house in exchange for something more financially manageable and pocket some equity since a majority of them have little retirement savings to retire on.
There's a good study on this written by one of the Feds, but I can't find it at the moment.
I'd like to see that study. Retirees have to live somewhere; it's not like they're going to sell their house and live in a tent.