Why Housing Could Be One of the Best-Performing Asset Classes of the 2020s

Economy & Finance
42

JtR listed some reasons why housing market will continue to boom:

LESS SUPPLY

No foreclosures

Ultra-low rates locking in homeowners to their forever home.

Boomers are older than ever, and are aging-in-place (too old to move).

Holding real estate has never been so sexy.

Longest expected length of ownership ever.

MORE DEMAND

Population is more affluent than ever.

Work From Home has expanded the choices for buyers, increasing the demand in desirable areas.

Hoarding real estate is cool (high rents, kids to inherit).

Current homeowners have more equity than ever to use when buying again.

There are more people than ever in the homebuying ages.

43

ā€œHomeowners have locked in record low mortgage rateā€ is something I donā€™t see enough talking about, but itā€™s a huge reason why people are not in a rush to sell.

44

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We donā€™t talk about the obvious. Ditto for Prop 13 in CA. Anyhoo, I recalled both were talked about often few years ago, got too obvious, nobody bother to blah blah blah about it.

No new insights for booming REā€¦ boring.