Went to monitor property listings, and dear me the amount of forclosures is insane. In Colorado its almost 9/10 new listings. I can’t even get prices because they are pre-auction.
My theory is the government will never allow boomer assets to collapse. They will move heaven and earth to bail this out somehow. Boomers won’t start dying off until 2030. Sometime around then, you’ll start seeing real talk from the big guys that houses are too expensive and oh boy how are we going to defuse the 30 year mortgage time bomb. Maybe by then people will be trapped in 50 year mortgages. Millenials can only be allowed to inherit the vapors of boomer wealth.
My theory is the government will never allow boomer assets to collapse.
That makes at least two of us.
