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What Happens To The Real Estate Market When All The Boomers... Die?
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this post was submitted on 03 Jan 2024
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chapotraphouse
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Probably a bunch of barely housed millennials inherit their homes, but can't afford the taxes on them, so they forfeit them to the state, who sells them to private equity firms, who rent them out to barely housed millennials.
Just a guess
proletarianization is real, young people are literally like "we need to start a commune so I can pay property taxes"
And thus capitalism destroys the very same family relations that it created
their parents will sell their houses to afford retirement homes...