Zimran has an interesting but brief analysis of the housing market in Boston. The linked article has more, including this nugget:
… shortly after 2010, housing prices in most currently hot markets are going to fall off a cliff, as boomers downsize.
I don’t expect that to happen here in Ireland at least. Has it happened already? What about the boomers of the 60s here in Ireland? They’re all living in bigger houses now!
1 Comment
Ed Lathrop (1 comments.) on July 3, 2007 at 5:59 pm.
If you can; buy your own house. Why pay anybody to live in theirs. You get a tax break and, hopefully, someday equity.
I own rentals and in all but rare instances, the tennants pay my mortgage and I get the equity. Don’t I sound like a evil person.
(O.K. I treat my tennants good.)