How Gen Z Could Beat Millennials in the Housing Market Grab | Insider News
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- Опубліковано 8 тра 2024
- Baby boomers dominate America's housing market. But as they age out, millions of homes will be up for grabs and Gen Z is poised to benefit. Investing correspondent Laila Maidan dives into real estate tips for beginners and whether it will be possible in the next 10 years due to the silver tsunami.
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00:00 - Introduction
00:17 - Why Boomers Dominate US Real Estate
00:30 - Millennials Struggle
01:22 - The 'Silver Tsunami' Effect
01:57 - Gen Z Could Be The Housing Winners
02:21 - Real Estate Investing For Beginners
03:27 - Conclusion
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#housingmarket #genz #insidernews
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Millions Of Homes Could Flood The US Housing Market... Thanks To Boomers | Insider News
As a realtor in my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
How can I contact your Asset-coach as my portfolio is dwindling?
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance advisors you could check out. We have been working with Tenley Megan Amerson, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
there's no way there will be a flood of homes from boomers. these homes will go to their kids or grandkids.
If their kids or grandkids inherit, most are willing to sell it especially if there is joint ownership among the children or if they have their own place already. My mother plans to give one home each to me and my sister so we have more freedom to do what we want with the property we get. I’m cashing out and selling!
@@jon6309well, if you live in california, it would be dumb to cash out because buying a house at today;s prices is outrageous and your property tax would be stupidly high. better keep the house and either live in it or rent it out for income.
@@bikedawg I don’t live in California and even if I did I would just sell it and pay rent until I die. Having a majority of wealth tied to real estate is not the best way to live. I don’t plan to have kids of my own so I rather just spend the money before I die!
Some kids don't want to upkeep or pay taxes. They will sell
This is why Mexicans flooded the US with fentanuyl
... Not until Blackrock buys up the remaining non-commercial homes on the market.
Senate Bil S.2224 "Stop Predatory Investing Act" was introduced by Democrats last year. Not sure how it's doing, but I'm sure lobbyists will get it killled.
What's paying for all the old people's homes or live-in care? If your mother and your father get dementia and have to live in residential care for 5 years after years of assistance for 10 years or so, it's not you who will be inheriting...
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly, which means more red ink for portfolios this second quarter of the year. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my stock portfolio
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
Please who's this advisor that guides you?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with Larry Kent Burton for about five years now, and his performance has been consistently impressive.
He's on Instagram **
Once again Gen X is forgotten.
Who?
These homes are not going to market. They will go to their kids, who understand that holding and renting property is basically unlimited cash flow and appreciation. The rich will continue their generational wealth building.
Precisely, sad but true
Delusional thought process, kids are greedy and want money not assets. They will post their dead parents homes for sale.
Yup. I even see multiple siblings agreeing to keep the house as a rental for cash flow. Rather than selling
Not true. My folks are baby boomers, and if I do t keep their home as a vacation home, I’ll sell it. Most people do t want to be a landlord, and it’s instant cash if sold. I almost rented my old house rather then selling it, but I don’t want to be a landlord, especially after the 2020 rental 0:10 moratoriums. I mean, why would I rent if the government can order me not to collect rent, while they totally protect the tenant and they will not cover my bills?
Being a landlord is a hassle. It would be easier and less risky to just sell the home and put the money into the stock market, or if you want exposure to real estate, into a REIT.
Damn. I always knew my grandparents were greedy pricks
Watch How Money Work's video on this. Basically the point at the end is all you need to know. People with incomes cannot compete with investors that can pay cash. If the home is in a location worth living in, investors will get first dibs.
Exactly
I love how Generation X gets completely ignored. It used to anger me, now I am like: "Don't blame me! I don't exist, y'all."
she mentioned us at the beginning that it
You guys gave birth to Gen Z. So thanks for dropping that lazy ass generation on us.
@@coryt2459 Though I must admit that I have "given birth" to some historically impressive bowel movements, I have not given birth to any lazy ass Gen Z'er.
@@coryt2459 God help the poor alphas. Is that all you do is point your finger and blame everybody else for all the problems in your life? God help gen alpha that's all I got to say. You're blaming entire generations you know nothing about. You got three generations mixed up together and you don't have a clue which ones they are. Maybe if you weren't so nasty you can actually interact and learn a thing or two. Seems to me a lot of people enjoy being pissed off and falsely blaming other people for every single thing all the time. Even strangers they don't know.
It seems to be forgotten that one unit of housing supply satisfies one unit of housing demand. Whether it is owned or rented isn't important for this equation because many people will choose the option that is more cost effective at the time.
Don’t forget in the equation, not all boomers will go in retirement homes, many of them will stay at home until death…home healthcare system and services is an option…exemple…my husband dad stayed in is home until he died at 98years old…my dad is still in his home, he is 84 years old with no intention to leave…so don’t expect to much…
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
Hello, I’m 37 and I am not worth much yet , please help me out. Bought my first house last month and I can't seem to make any other smart investment.
wanted to trade, but I got discouraged with the market price fluctuations
Can you recommend a guide for me?
Haven't you heard of Expert Chrissy Barymoer ?He gives excellent guide on the right stock with high dividend
Dream on, gen z is going to be the beneficiary!!!! how dumb, you don't think the corporate housing hasn't already calculated the grab. Of course they did, and you think it is to the benefit of a generation. Imma die laughing this is so ridiculous. If you don't make your move into real estate ASAP you are never going to be able to.
This is so misleading nice going Insider News.
"Owning a home" for a boomer when they were 40 years old is different than a zoomer owning a home. One actually BOUGHT the house fully and the other is simply in a mortgage with it.
you skipped genx on at least that first lego person stat
Good pick up! GenX is the forgotten generation. I am GenX, and when my folks pass away, which probably will not be for a long time, I will get their home if they are still in it. If I don’t keep it as a vacation home, I’ll sell it. Don’t want to be a landlord.
Boomers don't live in starter homes, which are the ones Gen Z will want to buy. They live in Mcmansions that will be sold to older Millennials.
Most older people live in smaller homes due to downsizing as they aged.
Many baby boomers downsized. My folks did.
I’ll believe it when I can afford to live in a 1 bedroom apartment by myself
Pardon my ignorance, but don't Millennials inherit homes from their Silent Generation grandparents and their Baby Boomer parents when old folks die? Meaning Millennials would not have to struggle with mortgage and sky-high prices? I'm not American and don't know how inheritance laws work in US. Sure, old homes would need renovations, but this could not be as costly as buying a hew home, could it?
So, how much in real estate do the hedge funds, onvestment banks, and other investor related business own?
This is good, but private companies are picking up these homes, keeping demand high, and that means prices high.
Sadly they are foreign investor groups buying properties left and right.
Tim dillon is very right about this! the boomers doesnt wanna let go their home untill they are death or be taking force by ambulance! LOL
They would do much better in high end condos where they don’t need to worry about things
It's just like monopoly. Even when the baby boomers pass on they will pass to their children, but replacement rate is lower which means those homes will go to less and less people.
My friends and I are the last of the Baby Boomers. We all turn 60 this year. We don't plan on dying for 30+ years.
So don't expect a wave of houses to suddenly flood the market. It might be more of a slow but steady process.
And as many have mentioned, most of these homes will be passed on down to the children of us Boomers -- which I guess is mainly Millennials.
🤣30 years left. LMAO
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I've been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
I’m an American gen Z that moved to Europe because things are too expensive in the US. Would love to move back to America one day but not when homes are 7x the price as the ones over here for equal quality and size.
What country u in
Where in eu
@@adammorra3813 Croatia
Cute visuals.
Seems like an overly optimistic prediction since private equity investors are significantly pushing up the cost of renting which means very few first time home buyers will be able to save for the down payments necessary to get into their first home. We must put the brakes on investors buying up all the resources people need to live like housing, farms and medical insurance. Housing co-operatives and ADU's are also a great way to allow boomers to age in place.
Only children of millennials WITH homeownership will profit/inherit. They can either rent the home, move in themselves or sell it.
Everyone else will be left behind in this set up, the wealth inequality will keep getting worse. If you and your parents are poor now, unfortunately, you will never be able to affort an own home.
Not true, this is America, you can follow Dave Ramsey’s 7 baby steps, get out of debt, buy a home, pay it off early and build wealth. The limitations you state are not really there. This is coming from an immigrant who came to this country and is now a homeowner… you can do it!
@@norviliaetienne222I'm really happy to hear that you have achieved your dream, especially as an immigrant, but to be honest, Dave Ramsey doesn't have any evidence or qualifications to back up his teachings, and it's just not applicable to most people
In any case, congrats on your home, I hope you and your kids get to enjoy it
But none of this answered why there was a crash and now what do we do none new comes which has been estimated to 14 million
The homes will go toward payment for the care homes that cost £1500 a week 😮happened to me and my partner and all the life savings all you are allowed to keep is £1600 if the money runs out before death.
Add together Baby Boomers + layoffs + inflation = estate sale, foreclosures, short sales, you get a big mess
Wait, are we not considering population growth?
I just feel so angry I was cheated out if buying a home for my kids 7 years still living in my “ divorce “ apartment “ I gave up along time ago
I strongly suspect the beneficiaries will be super-wealthy asset holders bent on enforcing a rentier society.
Working hard and have money saved with a 800 credit score 😂
The younger generation don’t care about the future they want it now lol
Im about to be 30 with a broken ankle no money i just want to die already talk about buying a home
Wait if you cover all things money and investing, how did you not know about investors buying homes until recently? Corporations and international investors are a huge part of the market that will only continue to grow w/ REITs until less than half of US residents own their homes.
Just move to somewhere desirable- get yo self outta that crummy neighborhood! It really is about location y’all. Just don’t think about moving to New Hope PA! 😂
But when US houses are built to last about 30-50 years.. what condition are most of these going to be?
I see an expansion of investor properties over owner occupiers unless there are regulation changes. Even if house prices crash, most people will have to borrow and that would get very hard even compared to now.
/Edit, shoulda watched the full thing, covered both my points toward the end.
Day of the pillow slowly approaches
What is that supposed to mean?
Investors will gobble Boomer homes up
Speculators. Not investors.
Define Owning : Mortgage or without a Mortgage?
Good info and very nice hair
Just skip right over Gen X again. From Boomers to the Millenials.
How can you be so sure these homes hit the market? What about the millennials simply waiting to inherit the house?
Did you get permission from Lego to use their IP?
One of the worst videos I’ve seen on the subject….
Take it easy we were born in the 1900's
FNMA just released a paper on this exact subject. Sorry, no flood coming your way...
Just wait 30 years in your homeless shelter. Soon, there will be a broken house from the 70s, available for you to buy and to renovate.
The future looks bright, baby. 😂 🎉
Time to sweeep those sweet boomer vacation properties. 👌🏼💪🏼💸💪🏼💪🏼💪🏼
crash crash crash crash.... but most likely not.
Young people are going to inherit the homes because they can’t afford them…. Aka house prices are going up
I bought my home in 2004. I was 27. I was injured in 2013 and pulled through that. I had more than enough money saved to pay my home off when I was injured again in 2017. Massachusetts is ultra restrictive, and the Federal Reserve and Federal government is extremely restrictive! America has a choke hold on this country so tight that recovery is outright impossible! I was forced to sell my home to an illegal immigrant! America really sucks! I hate this country! No matter what you do, these dirty politicians want more! There's nothing anyone can do in this country because they will never take their knees off our necks! I CAN'T BREATHE!!!!!!!!! I CAN'T BREATHE!!!!!!!!! I CAN'T BREATHE!!!!!!!!!!!!!!
Your story does not surprise... I'm sorry to hear that happened to you
@@gangstaberry2496 This was literally forced onto me with policy. I started saving when I was 21 years old. It was a waste of my life. I should have just partied.
@@johnd.5601 I have heard a lot of people tell me the same thing... Good luck to you
I’m already a homeowner and I’m only 21
Cool but I don't think owning a trailer makes you a home owner.
Enjoy being the exception
define "home" and what is your income?
I’m already a home owner and I’m 12
This is so biased
First اول
Tjee, completely unable to follow. Gen x, y, c and zero’s. What are you talking about… please use normal words like people born around the year 2000…
It's weird how they completely skipped over GenX, born in the 80s
Gen alpha
The wokes
The mentality of anti constructive n culture of irrationality
U may surprise by how anything proceed n ended
Boomers made this issue
You're right, they had kids
Another complete BS video on this subject.
Doubtful in this market. This will be a wealth transfer. Also, Insider is super late on this story. This has been covered and the silver tsunami did not happen.
It happens by 2030 did you even watch the video
Came to downvote then leave
Please stop posting videos that are years old. I will DownVote every old video that you post, thank you.
This is stupid and wrong like the last guy homes will go to thier family were all effed the emerican dream is a parking spot
Why do you need to buy a home, why not rent or rent/lease? When you rent if something breaks the landlord has to pay to fix it, when you own you have to pay for everything.
really? i had a dead squirrel in my ceiling right above my bed making my whole apt reek. their response was "if we tear apart your ceiling to look for it and we dont find anything then you dont have a ceiling anymore" and they did nothing. had to sleep at other peoples places for a month and a half waiting for the thing dry out and stop reeking. im sure other people in the comments will have similarly entertaining landlord stories
You are then at the mercy of the landlord and whatever service they pick for repairs. Also they increase rent each year multiple times, while home owners have a flat rate they pay unless they refinance.
LOL renting makes zero sense when rent these days cost as much as a mortgage. Why spend all that money for no returns? Owning would at least allow you to build equity.
Renting is worthless, and for lazy people, and a great deal for landlords. Who freaking wants a lord of their land. Who wants to stay a peasant. Lords never fix crap, and I bought my home and do my own repairs and usually if something goes wrong it tends to be a simple issue, and save thousands. Just learn how you house works and the systems installed. Save your money for big repairs, and don't have to beg your lord for repairs.
What the shadow government always said which by the way is the world economic forum. You will own nothing and you will be happy. That's where all of this is coming from it's being done deliberately and by design. Fact check me!