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When Boomers Don’t Downsize, What’s Left for Everyone Else?

Dela

What happens when one generation holds much of the country’s housing wealth and has little reason to give it up? Chuck Marohn talks with Strong Towns board chair Andrew Burleson and historic property renovator Richard Rumrill about boomers buying bigger homes, even as younger families wait for those houses to come back onto the market. The generational frustration is easy to understand, but the expected handoff assumes older homeowners will be ready to leave. What happens when the people expected to move have nowhere they want to go, and everyone behind them is still waiting?

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