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I’ve also seen a lot of townhomes and condos being bought by downsizing boomers. Tapping a large equity balance on a bigger house to buy a smaller maintenance free condo or townhome with an corresponding low monthly nut makes a lot of sense.
I am a boomer and have no desire to buy a house unless it is an exceptional value. The main reason for renting is that I don't want my estate to have to deal Real Estate after I am gone. I have around 80% of my estate going to charities that I support. The rest going to my brothers.
Realtor's think it is a great time to buy? Screw em!!!
#housing