Thursday, Aug 05, 2010
Ageing baby-boomers sell property, prices deflate rapidly
Financial Times Alphaville: Geriatric Asset Prices
BIS analyst Előd Takáts is worried about ageing. In a caveat-heavy but very interesting Bank for International Settlements working paper, the economist seeks to investigate how ageing populations will impact asset prices — specifically, housing.
...as this [baby boomer] generation retires and start selling off their homes, Takáts reckons US house prices will fall by around 30 per cent over the next 40 years. In continental Europe, where populations have been ageing for some time, demographics have already pushed prices down and it looks like they’ll keep doing so.
Posted by notyethomeless @ 04:09 PM (143 views) Add Comment
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