(Translation: real estate is no longer an asset. We learned this after the Great Swindle of 2008, remember?)
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And Boomers who were slow to unload are praying Millennials and GenXers will take the depreciating assets off their backs. They're ready to earn interest on their cash now. Yes, that's what this has always been about: wealth creation and wealth protection. Theirs, not yours.
End of conversation
New conversation -
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Anxious demand the last couple years as buyers feared getting priced out of market. Buying will now all but shut down as bidders sit on the sidelines, waiting out the hikes, and the inevitable softening of prices.
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