How Gen Z Could Ride The 'Silver Tsunami' To Beat Millennials In The Housing Market | Insider News
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- čas přidán 30. 07. 2024
- Baby boomers dominate real estate in America. 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 the concept of the "Silver Tsunami" and its profound impact on the housing market. She explains the aging population trend that will have implications for everything from healthcare to the job market, and highlights the opportunities this demographic shift presents for young homebuyers.
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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
CEO of blackrock here. I’m just going to buy all the homes for sale and rent them out. Thanks for playing suckers.
Pretty much 3:18
No dead ass and IF we where to buy homes who’s to say they won’t change laws& pay,
But she didnt even thought about that, pretty much sums up how in depth and accurate this theory is going to be
@marsbarzart lobbiests. Because of SCOTUS ruling on Citizens United giving corporations citizenship status.
She's too smart for economics
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
Easy fix, just ban investment firms from owning single family homes. This will increase supply of these types of homes, and it will increase the development of high density houses and allow them to profit off demolition and reconstruction of the derelict houses that need a lot of work. Win win.
Most important comment in this video. We are long overdue for restrictions on preventing private equity from buying up the housing market. Massively unfair playing field between private equity and individuals.
This analysis glosses over what is likely a major point- most baby boomer homes will NOT be hitting the market for Gen Z as opposed to being handed off to their Gen X and Millennial children or grandchildren.
At the same time investors are driving up prices so high that Gen Z is basically being priced out of the market- so to assume Gen Z is going to benefit from this is pretty much off the rails.
... 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...
Boycott Blackrock
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.
I’ll believe it when I can afford to live in a 1 bedroom apartment by myself
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
Right, it'll be the biggest transfer of generational wealth not to the kids, but to corporations.
We will be ushering in a new age of serfdom.
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.
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 Annette Marie Holt, 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.
This is already the reality in New Zealand
Need to build more affordable houses and stop allowing corporations to gobble them all up.
I feel some of the stats of Gen X (who are not presented here as a demographic cohort) are lumped-in with younger boomers and older millennials.
As a member of Gen X I can assure you that we don't exist and since we're not real nobody should be talking about us.
I was going to post the same thing. How come Gen Xer are discussed for like 5 seconds in the video. Probably because they're bad ass and don't live in houses.
I think people forget that many GenX’ers also have Baby Boomer parents.
Fr, my mom is 2 yrs away from being the oldest millennial and way too far from being the youngest boomer, idk where her generation stands atp
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.
What about 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.
I graduated in 2008. It's been a rough ride. Paying $2000 a month for a one bedroom with my girlfriend that's 70% of my income and the rest goes to bills and food.
Once again Gen X is forgotten.
Who?
Gen X is like the forgotten middle child
My thought exactly. And just for that, I'll never sell my primary home.
That's a good thing
Gen X is actually a very success generation in terms of their economic status.
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
😂 30 years 😂😂
Good, you guys keep all the houses while families raise their kids in a 2 bedroom overpriced apartment.
Meanwhile, you can send all the jobs in china to make sure nobody is allowed to build a new house.
Oh wait, that's already what you did...
Well maybe you guys can try to live in those houses for 60 more years instead. That will help everyone.
@@MS-ty8eq Well, 30-40 years. My parents both turn 89 this year and are doing fine (still walking).
Both of my mom's parents lived into their 90's. So yeah, I'm hoping 🤞🤞.
But if I don't lose some weight and improve my diet then... 😱
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.
What are you suggesting?
@@Anton43218 I am suggesting to not blame boomers, and to not look at what boomer have as your entitlement, to snatch up after they pass away. The way that hard working boomers are being spoken about is dehumanizing. The corporate markets or gen Z frothing at the mouth to obtain their wealth. Boomers are a hard working generation that have a wealth of knowledge. That this outlook will back fire on Gen z.
"Randomly offered a job after highschool"
"Single income took care of wife and family"
"Purchased house at low cost low rate"
"Barely took care of kids, sent them off at 18 with no savings to go get lost in college debt scams"
"Sold real estate to corporations so the future generation is screwed"
"Easy retirement"
Wow such hard work
@@sup8447yea hard work when you could buy a house with a McDonalds wage and a peanut back then
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.
Investors will gobble Boomer homes up
Speculators. Not investors.
Redfin tried doing that and over purchased and over vauled all those Boomers homes already and now they lost huge amounts of money by overvaluing all these houses they purchased and no one is buying because it's too expensive for what it's worth.
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.
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?
The vid misses this critical point and assumes that these homes are not going to their bloodlines but the open market instead. It's a bizarre assumption.
@@Mlogan11 Most of the time the home will be passed to multiple heirs who will in different geographic regions. Competing interests mean that in almost all cases the homes will be sold.
@@Rej-gc5zi If it goes into probate, that's the likely case, but if there is a will, the house will likely go to a specific person.
Those most common scenario is as the parent ages, the child that become the main caretaker of the parent will get the house.
Don't older generations tend to have multiple children so those properties will be split in multiple directions unless all agreed and they all want to live with their siblings and/or cousins the rest of their lives in a more cramped up situation than they grew up in especially if all these millennial adults wants to get married and start a family making the situation more crowded as well?
Yep. We’ll inherit our parents houses eventually and have a fully paid off big home and only need to worry about taxes 😂 but lemme tell ya.. TAXES HURT 😭tho it’s definitely a better deal than buying a crazy high mortgage
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.
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…
Damn. I always knew my grandparents were greedy pricks
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.
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
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.
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.
So, how much in real estate do the hedge funds, onvestment banks, and other investor related business own?
Yeah they conveniently left that topic out of this video
Blackrock: hippity hoppity, those houses are now my property
My concern is investment firms will come in and buy all the homes when this occurs.
Im about to be 30 with a broken ankle no money i just want to die already talk about buying a home
The 30 year mortgage in America is so weird. Seems like it really discourages mobility on the housing market.
Cute visuals.
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
@@norviliaetienne222 Tell me when you bought the home and how much you make annually, most are phased out due to bad credit scores, stuck in low wage jobs, and housing market already took over 100% apperication. Homes on 7k sqft used to be around 250k to 270k, now those same homes is at 500k to 550k. This appreciation mostly happened from 2021 to 2023. So if you want a home with 3 beds, 2 baths on 5k sqft, you need to make at least 50k to qualify for a home loan of 200k, you will be still need an additional 100k for down payment with this current rates. Here in Washington state, homes on 7k lot are worth 500k and up, half that lot is around 250k to 300k when most wages barely pays between 45k to 60k unless you score a job in seattle, but most rural cities are fucked already, or if you end buying cheap homes, you gonna end up in the remote towns where jobs are lacking and mostly family controlled.
Might all be brought up by private equity at over market prices.
By “Owning your home” they mean having your mortgage paid off? Or just having a mortgage?
Not if we don't regulate corporations out of the housing market and cap the amount properites landlords can horde. Or something I'd rather not have-a land use tax.
"30% of 25 year olds owning their home" In what universe?
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.
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 **
@ Larry Kent Nick Trading **
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
If you left the states to live in a cheaper home. Stay there. We don't want you back.
Yeah, I live in the Netherlands, where the population has been increasing only due to immigration since 1973. Without closing the borders, the silver tsunami will never come.
Add together Baby Boomers + layoffs + inflation = estate sale, foreclosures, short sales, you get a big mess
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
One of the worst videos I’ve seen on the subject….
I strongly suspect the beneficiaries will be super-wealthy asset holders bent on enforcing a rentier society.
Theres also the new concrete house printers that can build a house in a few weeks with machines that often cost as much as these current houses are going for. Try being a landlord in an environment like that.
Another complete BS video on this subject.
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
Unfortunately for the rest of us, Baby Boomers will never die. 😂
As a millennial I have to say I was born in the wrong time
16 million vacant homes in America at the moment, why should anyone think that a surplus of up to 20 million more would change anything.
They would do much better in high end condos where they don’t need to worry about things
Besides HOA
Millennials: Sorry Screwed Again
Why didn’t I “choose” to be born in an earlier generation 😭😭😭
Day of the pillow slowly approaches
What is that supposed to mean?
that last point she hadnt really thought about - investors buying up homes - that’s the main thing
Millennials: we're so screw
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.
How is gonna benefit from the silver wave well all the investment firms that will buy the houses to rent them out.
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
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
I knew someone would mention Chrissy Barymoer, he is perfect in helping beginners grow. I would not recommend anyone else.
Gen X here with Gen Z kids who just bought their first jointly owned home. How they did it on their own? First I made sure they finish university with high skilled degrees that made it easy for them to get better paying jobs. The moment they start earning I taught them how to invest and in 2 years they have enough to pay down payment. They got lucky to start saving/investing when the market was down. The best way for parents to help children is to guide and encourage them to acquire education. Get that most important credentials to get them started. Teach them to be frugal… save… invest. Be in an industry that is essential and a city where there is growth. Now as a parent I can breathe with great relief because I know my children can make it on their own.
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.
Yes, there is a lot of real estate that will be available, but most of that will be bought out by Private Equity and Companies so they can rent them out to us at wildly inflated rates.
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.
Gen Z HERE, OWNER AND CEO of my very own first real estate company. Barely turned 24 this month and I’m on track to buying my first three investment properties! 🎉 Realized very early in life that it isn’t a race nor a comparative objective, unless you want to suck the joy out of life… Be happy for other’s successes, set and go after your goals, and try to be a better human everyday so our civilization/society can finally continue to evolve. Please 😅❤
Wait, are we not considering population growth?
Growth is not going to be as much of a factor. Millennials are having less kids on average than previous generations. We should be more concerned with corporate home ownership and climate migration.
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! 😂
Wait do you define having a mortgage as the same as owning a home?
I don’t think she knows what it means to “own a home”, you don’t own the home if you have a mortgage
lol I am closing soon. It’s not that hard actually, I am getting a 365k home for 12k out of pocket. And everyone talks about how hard it is..,, it’s actually not hard at all. I think the hard part is that these young people don’t want to work and have steady income . It’s not hard to get in a house. Stop crying.
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
You missed the graph they showed huh. No matter how much you save it will never be enough. Too big a gap between housing costs and wages.
Anyone watching this a gen z thinking wow, there is such a small chance of ever owning a home working a minimum wage job like most people do.
Anyone who has ever played monopoly knows how this ends. One winner with all the property and resources.
We didn't start the game together. New players enter at a disadvantage. Why don't we discourage monopoly property ownership more? What if we increased property taxes if you own 2+ properties or set limits?
We need to bring back Allodial title to more countries and territories.
Doubtful the market will crash, more than likely stagnate or worse increase in desirable places. Nobody wants a home in the middle of Ohio, but there is a lot of demand in New York urban areas.
Houses were so cheap between 2008 and 2015. Millennials were just too scared to buy a home at that time because of the economic collapse. The millennials who did buy in that time have a net worth 5x their peers and have been less affected by inflation due to fix rate mortgages at 3%
How can you be so sure these homes hit the market? What about the millennials simply waiting to inherit the house?
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. 😂 🎉
None of those influences have jobs dude lol
houses are priced so high and the QUALITY is down BAD
Convince zoomers to not delete or self delete. Make it make sense.
Never seen a 20 year old at BI look 70 until now
hell yeah, might own a home, nice
“A housing economist brought up something I hadn’t even thought about. There’s an increasing amount of investors competing for homes.”
You haven’t thought of this? An INVESTING CORRESPONDENT DIDN’T think about that?
crash crash crash crash.... but most likely not.
Define Owning : Mortgage or without a Mortgage?
Not if private equity keeps buying up homes
investment firms will buy all the housing supplies as assets bcos it beats inflation and money devaluation due to money printing. so housing prices wont come down as the supplies are snatched up by firms n corporations
I didn’t know it was a competition
I thought it was more like a pyramid scam constantly needing new home buyers
Investment firms have driven the market to stupid levels in my region. Four of the homes in my small subdivision are owned by investment firms. I get inconsistant neighbors who don't care about the community. Don't get me started on the out of control prices this has caused. Legislation sits back raking in the tax dollars and don't care that homes have become unaffordable.
Wage don’t need to increase if value of the good stay the same. Majority of our income goes to House. So let’s stop this investment mindset. You should only able to seek the house base on how you got it. We all benefit from it.
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.
Just skip right over Gen X again. From Boomers to the Millenials.
Didn't take in consideration different life styles and expectations between generations
But what about me a millennial 😭
how about we stop letting companies buy homes?
Or… how about a combo of asset transfers, institutional/foreign investors, and relaxing immigration policy to backfill boomers leaving the workforce just keep the train rolling…
No way Gen Z beat Millenials in anything. Gen Z are born tired, they don't have the resilience to work hard and save money. We (millenials) are the last generation who are willing to work hard, because we were lucky enought to have in our lives people like our grandparents. Who REALLY REALLY work hard and didn't have any comfort in their lives. So we have good examples in ur lives. We will end up with all the money in the world. Mark my words....
Good info and very nice hair