The Housing Bubble Bursts

Let’s fast-forward to the housing market here in the United States because there are some very similar dynamics taking place. In the last ten or fifteen years many of the almost eighty million Baby Boomers (born between 1945 and 1964) built their dream homes. Many built starter castles of 5,000-plus square feet just in time for their kids to leave home, go off to college, and then get married. I am not even going to debate the merits of this concept of shelter; I’ll simply say that this was a bad move demographically.

The Boomers know that they can’t stay in these houses indefinitely because the upkeep is too expensive to be practical and they simply no longer need the space. In addition, most starter castles are multilevel ...

Get The Age Curve: How to Profit from the Coming Demographic Storm now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.