Hey, they ain’t going away anytime soon, so best to not open up or invest in one of these businesses…
All are true except home ownership. If millennials fail to buy, foreigners will jump in and fill the gap. We already see this happening in major metros. So there will always be high demand for real estate!!!
Sir, how can they buy when you (representing all of the other generations) won’t sell???
At a certain price point every one is willing to sell. I would be happy to sell my sunset home at $3M.
True, and I wish I were 6’ 5" and blonde with blue eyes…
This is a serious situation that is coming up not only here where it is uber expensive in the first place. Owners are not incentivized to sell their starter homes for many reasons, so how do you expect the future generations to get on track and continue the party?
OMG, what is with this baseless fear of the future? We already know SJ is No.1 most expensive metro and SF is No.2 in America. Future trend is rich gets richer and poor gets poorer. So, stay invested in SF and SJ. Can’t go wrong.
Fear that good times won’t continue 
[quote=“wuqijun, post:6, topic:2929”]
Future trend is rich gets richer and poor gets poorer.
[/quote]Is called the law of elasticity, two-balloon experiment
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No idea how to fix the situation too, eh? What, you think magically young people are going to just be able to afford the even more expensive places around here? I think it is a legitimate question. And again, I am not worried about us on an investor/owner side perspective but more of an overall societal perspective. You have to admit, one reason (of many) why generations after generations have been able to keep the US economy rolling and keeping us #1 is that people were able to buy starter homes, settle down and have families and that of course churns every industry. What happens when young folks like our @harriet (granted she owns, so the head of her class) can’t settle down and then not pop out babies? Again, I have no skin in the game, it’s you folks with the kiddies that I am thinking about…
[quote=“sfdragonboy, post:8, topic:2929”]
What happens when young folks like our @harriet (granted she owns, so the head of her class) can’t settle down and then not pop out babies?
[/quote]Inventory is low but not zero, so some1 is selling. Do you know who are selling now?
[quote=“sfdragonboy, post:8, topic:2929”]
Again, I have no skin in the game, it’s you folks with the kiddies that I am thinking about…
[/quote]Don’t worry, we already bought for our children.
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Inventory is nothing right now. I should be out checking out open houses right now, but no. I’ve seen what I could yesterday. The people who are selling now are primarily the kids of folks who died recently and they just want the cold, hard cash. Still, this is a trickle, not a fire hydrant bursting…
Also, keep in mind that rich parents usually buy for their kids or inherit properties to their children. So millenials don’t need to come up with any cash to buy homes. All taken care of!!! I’d say about 80% of the homes will change hands like that. The remaining 20% are what you see on the market getting bid up by hungry investors and people who don’t have rich parents.