“MASSIVE SENIOR CITIZEN HOUSING SELLOFF STARTING NOW!” That’s the name of the game, folks. In the US, there’s a massive sell-off of senior citizen housing happening as we speak. By 2035, brace yourself for an additional 9.2 million houses hitting the housing market due to baby boomers passing away. This is no small number, and it’s bound to have significant implications for the economy and the real estate market. The video you’re about to watch is from none other than Michael Bordenaro, who will provide not only information about this sell-off but also offer one-on-one calls, share details about his filming and editing equipment, and even give you the chance to sign up for his email list. Plus, he’ll show you how to earn cash back on internet purchases. Just make sure you check out the description box for any affiliate links that help support the creator. Now, let’s delve into the fascinating world of senior citizen housing sell-offs and see what’s in store for the real estate market!

The Massive Senior Citizen Housing Sell-Off

The current real estate market in the US is experiencing a massive sell-off of senior citizen housing. This is largely due to the aging population of baby boomers, who are either selling their homes or passing away and leaving behind properties. It is estimated that by 2035, an additional 9.2 million houses will hit the housing market as a result. This sell-off is expected to have significant implications on both the economy and the real estate market.

Current Inventory Shortage in Real Estate Market

Currently, there is a shortage of inventory in the real estate market. This shortage has led to bidding wars and overpaying for homes, as there simply aren’t enough houses available for the number of people looking to buy. However, this shortage is expected to be temporary. According to projections, inventory is expected to increase within the next 12 years.

The shortage of inventory can be attributed to various factors, including the high demand for homes and the lack of supply. Many people are competing for the limited number of houses on the market, which drives up prices. Additionally, some homeowners are hesitant to sell their homes due to low mortgage rates, making it more attractive for them to stay put.

Homebuilders and New Supply

To combat the shortage of inventory, homebuilders are focusing on creating new supply in the housing market. Over the past couple of years, there has been a boom in construction, resulting in a surge in new home developments. This increase in new supply has helped alleviate the shortage in the housing market.

The new home market can also provide insights into what may happen in the existing home market. Currently, there is an oversupply of new homes, leading to a buyer’s market. This means that buyers have more negotiating power and prices for new homes have decreased. This trend may indicate what could potentially happen in the existing home market as it becomes flooded with new inventory.

Increase in Inventory from Older People Selling

One major source of new inventory in the real estate market is older people selling their homes. As senior citizens age or pass away, their homes become available for sale. This increase in inventory is expected to help eliminate the shortage that is currently being experienced.

It is estimated that 70% of inherited houses are sold. This means that even if a property is inherited by family members, there is still a high likelihood that it will eventually be put on the market. This additional supply of homes in the market will play a significant role in balancing supply and demand.

Given the projected increase in inventory from older people selling their homes, it is advisable for prospective buyers to wait before rushing into a purchase. Renting may be a more affordable option, especially in areas where the rental market offers better deals than buying a home at the current inflated prices.

Inherited Houses and the Housing Market

The majority of inherited houses are sold rather than kept by the new owners. This means that inherited homes are contributing to the overall supply of homes in the market. As mentioned earlier, about 70% of inherited houses are sold because the new owners either can’t afford or don’t want to keep the property.

This influx of inherited houses into the market adds to the existing supply of homes, further helping to balance supply and demand. It also presents an opportunity for homebuyers to explore a wider range of properties on the market.

Debating the Cause of Housing Price Rise

There is an ongoing debate about the cause of the rise in housing prices. Some argue that the printing of money by the government has led to inflated asset prices, including housing. Others believe that supply and demand dynamics play a larger role in determining housing prices.

While there may be some truth to both perspectives, it is expected that supply and demand will ultimately determine the trajectory of housing prices in the future. As the inventory increases due to the massive sell-off of senior citizen housing and other contributing factors, the market is likely to stabilize, resulting in more reasonable prices.

Avoiding Bad Financial Habits in Homeownership

Homeownership comes with its own set of financial challenges. It is crucial for homeowners to avoid falling into bad financial habits that can undermine their financial stability. One common mistake is borrowing against the home, as this can lead to unnecessary debt and potentially put the home at risk.

Additionally, homeowners may face financial struggles such as high homeowner association (HOA) fees and unexpected special assessments. These expenses can put a strain on homeowners’ budgets and make it difficult to afford other necessities.

Furthermore, some homeowners may rely on credit cards, loans, or tapping into home equity to cover expenses they cannot afford. While these financial tools may provide temporary relief, they can lead to long-term financial instability and debt.

Financial Preparedness and Future Challenges

The state of the economy will have a significant impact on the housing market. It is therefore crucial for individuals to be financially prepared to navigate potential future challenges. This includes building an emergency fund, paying down debt, and making wise financial decisions.

Being prepared financially also means considering the potential risks and uncertainties that may arise, such as job loss or an economic downturn. By having a solid financial foundation, individuals can better weather these challenges and make informed decisions regarding their housing situation.

Details for 1 on 1 Calls, Filming, and Editing

For those seeking further information or personalized guidance, 1 on 1 calls are available. These calls provide an opportunity to address specific concerns and receive tailored advice related to real estate and homeownership.

Additionally, the content creator offers resources and information related to filming and editing equipment. This may be beneficial for individuals looking to create their own videos or content.

Signing Up for Email List and Cash Back on Purchases

Signing up for the content creator’s email list provides weekly video updates directly to your inbox. This allows individuals to stay up to date with the latest information and insights regarding the real estate market.

Furthermore, individuals can benefit from cash back on their internet purchases. By utilizing affiliate links provided by the content creator, individuals can earn cash back on their purchases, supporting the channel and potentially saving money in the process.

In conclusion, the massive senior citizen housing sell-off currently taking place in the US is expected to have significant implications on the economy and the real estate market. While there is currently a shortage of inventory, this is projected to be temporary, with a substantial increase in inventory expected within the next 12 years. Homebuilders are focusing on providing new supply, and insights from the new home market indicate a buyer’s market and price decreases. The increase in inventory from older people selling their homes will help alleviate the shortage and provide more options for buyers. However, it is advisable to wait before rushing into a purchase, especially if renting is a more affordable option. Additionally, inherited houses contribute to the supply of homes in the market, presenting further opportunities for buyers. The cause of the rise in housing prices is debated, with expectations that supply and demand dynamics will play a larger role in the future. It is essential to avoid bad financial habits in homeownership, such as borrowing against the home or reliance on credit cards and loans. Financial preparedness is crucial to navigate potential future challenges, and the content creator offers guidance through 1 on 1 calls and resources for filming and editing. Signing up for the email list provides regular updates, and cash back on purchases can be obtained through affiliate links. Overall, understanding the current state of the real estate market and making informed decisions is key to successful homeownership.