A Growing Problem in Real Estate: Too Many Too Big Houses

freedomcm said:
so what's the low-down?
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Boomer rushed to buy create big expensive custom homes with all the bells amd whistles to live out their golden years. They have discovered the higher costs to maintain among other factors amd want to down size but have a hard time finding young folks who want to buy. Access to credit has change since 2000s and all buyers are looking for smaller more modern homes that have a walkability component. The problem is happening in places like NC, AZ, SC (Kiawah Island - 3-4 years worth of inventory). Expected to get worse with boomers owning 32 million homes (2 of ever 5).

Master planned communities in FL where the HOa does everything are more immune and I don?t think the OC is impacted as much.
 
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