As a Gen Xer who got transferred every two years, every house I bought needed updates and upgrades and almost always repairs. I never expected to buy a house that was already done to my taste or to the latest style. Young people these days just expect too much. And of course people are aging in place as long as possible. Assisted living is beyond unaffordable.
This sounds so entitled. I am NOT a boomer (younger Gen X) but if they have a better life staying put, why should they sell? If they're happy with their homes as they are because they will likely die before those expensive renovations are necessary why should they bother (assuming they can afford it). If newer generations (including mine) want affordable quality housing we need to push for policy changes and more investment in technology. Also, everybody has a degree these days and not enough people want to work doing physical labor. Someone had the stupid idea to make high education widespread, now we have a mass of baristas and creatives that would be building houses instead of driving a Ubers, saving coffee and performing other low stress work that doesn't add enough value to society. Now, any choice is okay. Do whatever you want, but don't complain about the consequences or call those people out because they don't want to do something that goes against their own interest just to serve "poor newer generations".
I would also say that no one is forcing the older generation to sell or upgrade, there’s a ton of this generation that are aging in place because they either have an incredibly low mortgage or none at all. At the same time, those that are choosing to sell will either have to get their property updated or get realistic on price. Updates are so personal too- I typically advise big things like roof, HVAC, water heater, or really old/non-functioning appliances etc. There’s an ROI to updates and some give you WAY more leverage than others. You’re not wrong on the college front- so many young people have degrees and massive debt and don’t have a career that warranted all that. I’d love to see some changes in that arena but as long as student loans can be handed out like free candy without any regard for what the degree is for…it’s going to get worse before it gets better.
I would add that when you are selling a home in general you’re not remodeling it beforehand unless you’re doing a flip. Just from a real estate perspective if it’s your home, you’re not gonna remodel it and move. And also the people who are buying the home may have entirely different taste than the person selling the home.
Millennial here, I don't expect someone to give up their home for my sake, nor to upgrade anything. The only part I would argue is repairs / replacements for important aspects of the home if it can be afforded. I.e., air conditioning, roof, furnace. Essentials. Upgrades are unnecessary unless you live in a really old home. Otherwise, it is either for convenience or ascetic. Aka, unnecessary most of the time. If I want upgraded kitchen equipment, I can do that myself. The problem is lack of housing overall, and the overall American mindset of independence and having to have extravagant homes.
Had no idea this would spark so much dialogue- love it! To be clear I’m referencing an article that I read so I’m not saying that every single boomer has to gut their property. In fact, that’s the beauty of real estate… it’s personal preference. Some people may have a higher expectation of a house they buy while others want something that they can fix up and customize. I think both can work depending upon the market and depending upon what people in a certain situation need. In my experience, homes that have been upgraded with newer appliances or flooring (for example) tend to sell faster and for more money because a lot of buyers don’t want to take on projects. A seller doesn’t have to upgrade anything on their property, but if a seller’s been living in a house for 40 years and never change the appliances or the carpet and wallpaper, they probably won’t sell as fast or as much as a neighbor down the street who has done those things. I think what this article is highlighting is the fact that buyers are feeling squeezed right now with interest rates and prices and if they feel if they are paying a premium they want to move into something that’s not going to require a ton of investment to fix up.
Oh Waaahhh Im so sorry that people are not going to give up their homes so you can make a commision. Its great they there are all these homes that haven't been '"open concepted" and ruined by style dead children addicted to HGTV and the latest "trend" (which are now thankfully coming to an end) as millenials and gen Z's are are watching Downton Abbey and Gilded age. You be amazed at how much antique silver and place settings I sell to 20 year olds who understand what actual style is, why they need a dining room and what living well means.
Trends are always going to ebb and flow. No one (not even me if you watch the whole video) is saying sellers have to do anything. The beauty of being a homeowner is you have free will and I always go through a list with my sellers about what’s a good ROI (read roof, HVAC, landscaping) and what is something that’s not necessary. My conversation always sounds something like this, “ this is what I recommend… you can do some of it, all of it or none of it. It just may determine how quickly your property sells and for the amount of money it will sell for. What is your ideal timeline for getting this house sold?” When it comes to more historical homes, I really enjoy preserving that history. Real Estate is so specific and so “case by case” and it’s always my intent to just provide education and let my consumers make informed decisions.
From your video description, and the video content: "Are baby boomers clinging to their homes for too long?” What a cringeworthy, entitled, and self-absorbed question! Those are THEIR homes!! By law, they can live in their homes as long as they like. This video reminded me of a person in their 40’s who was complaining to me, saying that their own personal failure to progress in their career was due to boomers who are still productively working. I was told that boomers should retire so that generation x and millennials can advance into those upward positions and salaries. "Is it finally time for [baby boomers] to consider a much-needed makeover [to their homes]?” Who determines what is a much-needed makeover? A beautifully maintained home that is a “time capsule” to a previous decade can be a thing of comfort to its owners. Those are owners who are entitled by law to live at peace in their “time capsule homes” for as long as they want to do so. When the time comes to sell my home here in Gainesville, I will not be calling upon you or your firm to help me. I cannot see that you could possibly have my best interests in mind.
Not sure if you took the time to watch the video, but it’s actually a report of some data from an article and not necessarily my hard opinion. I wish you all the best because if this makes you feel that strongly we may not be the best professional fit. That’s the beauty of a free market, you can work with whomever you choose. I love my customers and you can ask any one of them whether or not or not I have their best interest in the forefront and I assure you I do. I wish you luck and should we ever meet I promise to treat you with kindness and respect.
@@LindseyJohnsonRealtor I watched the entire video, twice. Wishing you the best, and 100% agreeing we would not be a good fit based on your entire video.
As a Gen Xer who got transferred every two years, every house I bought needed updates and upgrades and almost always repairs. I never expected to buy a house that was already done to my taste or to the latest style. Young people these days just expect too much. And of course people are aging in place as long as possible. Assisted living is beyond unaffordable.
Heard that on assisted living! Having dealt with it for my grandparents it’s so expensive.
Amen
This sounds so entitled. I am NOT a boomer (younger Gen X) but if they have a better life staying put, why should they sell? If they're happy with their homes as they are because they will likely die before those expensive renovations are necessary why should they bother (assuming they can afford it). If newer generations (including mine) want affordable quality housing we need to push for policy changes and more investment in technology. Also, everybody has a degree these days and not enough people want to work doing physical labor. Someone had the stupid idea to make high education widespread, now we have a mass of baristas and creatives that would be building houses instead of driving a Ubers, saving coffee and performing other low stress work that doesn't add enough value to society.
Now, any choice is okay. Do whatever you want, but don't complain about the consequences or call those people out because they don't want to do something that goes against their own interest just to serve "poor newer generations".
I would also say that no one is forcing the older generation to sell or upgrade, there’s a ton of this generation that are aging in place because they either have an incredibly low mortgage or none at all.
At the same time, those that are choosing to sell will either have to get their property updated or get realistic on price.
Updates are so personal too- I typically advise big things like roof, HVAC, water heater, or really old/non-functioning appliances etc.
There’s an ROI to updates and some give you WAY more leverage than others.
You’re not wrong on the college front- so many young people have degrees and massive debt and don’t have a career that warranted all that.
I’d love to see some changes in that arena but as long as student loans can be handed out like free candy without any regard for what the degree is for…it’s going to get worse before it gets better.
I would add that when you are selling a home in general you’re not remodeling it beforehand unless you’re doing a flip. Just from a real estate perspective if it’s your home, you’re not gonna remodel it and move. And also the people who are buying the home may have entirely different taste than the person selling the home.
@@xoxox.skinnychef you are spot on!
Millennial here, I don't expect someone to give up their home for my sake, nor to upgrade anything. The only part I would argue is repairs / replacements for important aspects of the home if it can be afforded. I.e., air conditioning, roof, furnace. Essentials.
Upgrades are unnecessary unless you live in a really old home. Otherwise, it is either for convenience or ascetic. Aka, unnecessary most of the time. If I want upgraded kitchen equipment, I can do that myself.
The problem is lack of housing overall, and the overall American mindset of independence and having to have extravagant homes.
It is interesting to see what many people’s “starter” home looks like now… 😉
Had no idea this would spark so much dialogue- love it! To be clear I’m referencing an article that I read so I’m not saying that every single boomer has to gut their property.
In fact, that’s the beauty of real estate… it’s personal preference. Some people may have a higher expectation of a house they buy while others want something that they can fix up and customize. I think both can work depending upon the market and depending upon what people in a certain situation need.
In my experience, homes that have been upgraded with newer appliances or flooring (for example) tend to sell faster and for more money because a lot of buyers don’t want to take on projects. A seller doesn’t have to upgrade anything on their property, but if a seller’s been living in a house for 40 years and never change the appliances or the carpet and wallpaper, they probably won’t sell as fast or as much as a neighbor down the street who has done those things.
I think what this article is highlighting is the fact that buyers are feeling squeezed right now with interest rates and prices and if they feel if they are paying a premium they want to move into something that’s not going to require a ton of investment to fix up.
Oh Waaahhh Im so sorry that people are not going to give up their homes so you can make a commision. Its great they there are all these homes that haven't been '"open concepted" and ruined by style dead children addicted to HGTV and the latest "trend" (which are now thankfully coming to an end) as millenials and gen Z's are are watching Downton Abbey and Gilded age. You be amazed at how much antique silver and place settings I sell to 20 year olds who understand what actual style is, why they need a dining room and what living well means.
Trends are always going to ebb and flow. No one (not even me if you watch the whole video) is saying sellers have to do anything.
The beauty of being a homeowner is you have free will and I always go through a list with my sellers about what’s a good ROI (read roof, HVAC, landscaping) and what is something that’s not necessary.
My conversation always sounds something like this, “ this is what I recommend… you can do some of it, all of it or none of it. It just may determine how quickly your property sells and for the amount of money it will sell for. What is your ideal timeline for getting this house sold?”
When it comes to more historical homes, I really enjoy preserving that history. Real Estate is so specific and so “case by case” and it’s always my intent to just provide education and let my consumers make informed decisions.
From your video description, and the video content:
"Are baby boomers clinging to their homes for too long?”
What a cringeworthy, entitled, and self-absorbed question! Those are THEIR homes!! By law, they can live in their homes as long as they like.
This video reminded me of a person in their 40’s who was complaining to me, saying that their own personal failure to progress in their career was due to boomers who are still productively working. I was told that boomers should retire so that generation x and millennials can advance into those upward positions and salaries.
"Is it finally time for [baby boomers] to consider a much-needed makeover [to their homes]?”
Who determines what is a much-needed makeover? A beautifully maintained home that is a “time capsule” to a previous decade can be a thing of comfort to its owners. Those are owners who are entitled by law to live at peace in their “time capsule homes” for as long as they want to do so.
When the time comes to sell my home here in Gainesville, I will not be calling upon you or your firm to help me. I cannot see that you could possibly have my best interests in mind.
Not sure if you took the time to watch the video, but it’s actually a report of some data from an article and not necessarily my hard opinion. I wish you all the best because if this makes you feel that strongly we may not be the best professional fit. That’s the beauty of a free market, you can work with whomever you choose. I love my customers and you can ask any one of them whether or not or not I have their best interest in the forefront and I assure you I do. I wish you luck and should we ever meet I promise to treat you with kindness and respect.
@@LindseyJohnsonRealtor I watched the entire video, twice. Wishing you the best, and 100% agreeing we would not be a good fit based on your entire video.