Airbnb Collapse & The Lakes Region?

[John Mercier]

Originally Posted by Biggd

Boomers get blamed for everything now. It's the American way now, it's always someone else's fault!

No. It is a cycle.

Second homes are most often purchased by near retirees/retirees (55+); that demographic generally has the highest amount of assets due to years of working and building their wealth. They may purchase as a vacation getaway, but also think of that last ''forever home''. Lake houses tend not to be ''starter homes''.

So the latest surge is the cycle of Boomers reaching 55+ and will drop as the number of people in that group drops. GenX tended to be a smaller number of people... so they will not be able to keep up the same demand.

When Millennials reach 55, because of the size of that generation, a new cycle will start another surge.

Their taste in housing is different so a lot of remodeling and building will go on when that happens... we expect that run to begin around 2051.

[Biggd]

Originally Posted by John Mercier

No. It is a cycle.

Second homes are most often purchased by near retirees/retirees (55+); that demographic generally has the highest amount of assets due to years of working and building their wealth. They may purchase as a vacation getaway, but also think of that last ''forever home''. Lake houses tend not to be ''starter homes''.

So the latest surge is the cycle of Boomers reaching 55+ and will drop as the number of people in that group drops. GenX tended to be a smaller number of people... so they will not be able to keep up the same demand.

When Millennials reach 55, because of the size of that generation, a new cycle will start another surge.

Their taste in housing is different so a lot of remodeling and building will go on when that happens... we expect that run to begin around 2051.

I'm not sure why you quoted my post for this? My post was a general statement, not just about real estate. When I was in my 30's and 40's I don't ever remember my generation blaming our parents for our problems.
You can continue with your infomercial without quoting me!

[John Mercier]

Originally Posted by Biggd

I'm not sure why you quoted my post for this? My post was a general statement, not just about real estate. When I was in my 30's and 40's I don't ever remember my generation blaming our parents for our problems.
You can continue with your infomercial without quoting me!

Because I was responding to your post.