General Discussion

valleyrogue

(2,217 posts)

4. A lot of people in the baby boom generation

Thu Jun 19, 2025, 09:21 AM

Jun 19

don't have homes they "own." There are LOTS of us who are in that situation and who cannot retire anytime soon.

It is a myth all baby boomers are "wealthy" and have big houses they "own."

A lot of times circumstances will force a sale, and, when they die and if they were in a nursing home at the time of death, there is a lot less money going to any heirs if there are any.

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bitofalright markodochartaigh OnlinePoker raccoon yorkster susanr516 spooky3 shanti Joinfortmill Spazito Marthe48 Alice Kramden

56 replies

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Highlight:

1 in 3 Baby Boomers Say They'll Never Sell Their Home [View all] OnlinePoker Jun 19 OP

We would love a home that's a little more contemporary and less like a box, Cloudhopper Jun 19 #1

It's not surprising. Cerulean Southpaw Jun 19 #2

Home wildflowergardener Jun 19 #3

I'm in that same boat. Gen X/Millenial depending on poll definitions. NutmegYankee Jun 19 #11

Gen X (1965-1980) and Millennial (1981-1996) birth year ranges have been firm for ages now. Celerity Jun 19 #16

It's not that simple. NutmegYankee Jun 19 #22

I am within less than 2 and a half months of being Gen Z, but the widely accepted boundaries (1981-1996) for Millennial's Celerity Jun 19 #24

Like Generation Jones 1956 -1965. haele Jun 19 #48

I get argued with everything I say that quakerboy Jun 19 #41

those are not widely accepted cut off years at all, whether informally or in academia Celerity Jun 19 #47

I dont claim to be an expert. quakerboy Jun 19 #54

Wow! Please post photos here if you want to. spooky3 Jun 19 #27

A lot of people in the baby boom generation valleyrogue Jun 19 #4

Interest rates are at 7, so yeah. Johonny Jun 19 #5

I know, right?! Dumb article. yardwork Jun 19 #38

my parents bought their first home at 17% quakerboy Jun 19 #44

Home prices are declining in most of the country WSHazel Jun 19 #6

Whether it's paid off or it isn't chowmama Jun 19 #7

"a little tuba-heavy," lol Alice Kramden Jun 19 #53

I think that the US single-family home market markodochartaigh Jun 19 #8

Another situation I've seen Unwind Your Mind Jun 19 #9

this is on my list of y i'm staying put. mopinko Jun 19 #20

I get calls to sell. People are still buy shitboxes here Historic NY Jun 19 #10

We were getting calls asking us if we wanted to mwmisses4289 Jun 19 #33

Until they can no longer take care of marybourg Jun 19 #12

And immigrant workers who once could provide care for pay spooky3 Jun 19 #28

That's what got us KentuckyWoman Jun 19 #29

Yes. I am in a condo now, with an aide 3x/week. marybourg Jun 19 #37

Not a big surprise Renew Deal Jun 19 #13

In many cases, even to downsize to a condo yorkster Jun 19 #14

That sounds about right Renew Deal Jun 19 #15

We bought our house about 37 years ago Mossfern Jun 19 #17

Would love to move to a smaller house, no yard, BUT... Maeve Jun 19 #18

Why should we? I paid a mortgage for 30 years. It is paid off. travelingthrulife Jun 19 #19

I'm Gen X. Mrs. Aristus is a Boomer. We own our house free and clear. Aristus Jun 19 #21

I have a standard reply when those shitbirds call . . . after making sure not to say "yes" . . . . hatrack Jun 19 #25

Hi fellow Xer! Polybius Jun 19 #30

Mrs. Aristus is eight years older than me. Aristus Jun 19 #35

Ms. Polybius is more than 20 years younger than me Polybius Jun 19 #46

The house, although way too big for us, is paid off and we like the location. If a smaller one in a similar Vinca Jun 19 #23

The house is paid for and rent is too damn high. nt doc03 Jun 19 #26

Recommended. H2O Man Jun 19 #31

Lol Joinfortmill Jun 19 #39

We have low interest loan Tree Lady Jun 19 #32

My home MoonlightHillFarm Jun 19 #34

I'm a Boomer.In my lifetime I've owned 3 houses & 5 condos. Joinfortmill Jun 19 #36

Gen X OC375 Jun 19 #40

Gen Xer here...will sell in next ten years. Most are not realistic JT45242 Jun 19 #42

Yep. I'm one of them. Liberal In Texas Jun 19 #43

Why would I sell? Happy Hoosier Jun 19 #45

Is this a new percentage? Feels like the silent generation stayed in place too Arazi Jun 19 #49

It says 45% of silent don't intend to sell, but there aren't many of them still in their own homes. OnlinePoker Jun 19 #52

I don't want to sell my house Marthe48 Jun 19 #50

So 2/3 will sell? MineralMan Jun 19 #51

Our houses are most of our savings. marble falls Jun 19 #55

The Shifting Demographics of Housing Metaphorical Jun 19 #56