The other problem with real estate…

Housing Shortage Part II: Seniors "Aging in Place" Harry Dent | March 04, 2019 Last week (and in a few emails before that), we talked about why Millennials aren't buying a house at the same rate as their Boomer and Gen X parents. Today, let's talk about how Boomers and Gen Xers are actually contributing to the housing shortage, and so driving up prices and thwarting the ability of younger people to buy. And… Why that could start to change rapidly just ahead. First, an interesting insight… A recent Freddie Mac study estimates that 2.5 million homes are being kept off the market, mostly by seniors aging in place rather than downsizing or moving into nursing homes, etc. One million of those people were born between 1931 and 1941. 300,000 of them were born between 1942 and 1947. 250,000 of them were born between 1948 and 1958. That means that the majority of these "aging-in-placers" aren't Boomers (according to how I count that generation). Turns out, we can't blame them for this trend! But there is a massive Boomer retirement trend that started in 2000 and will last into 2024… READ MORE » The Most Hated Man on Wall Street?  John Del Vecchio got angry emails from investors for revealing the hidden flaws in some of Wall Street's favorite stocks. Now he's using his highly-accurate algorithms to find the very BEST stocks trading for less than $10.  An extensive backtest of his system showed it could have turned a $10K investment into $523,200 over the last 15 years. Get the fully story for FREE. More From Economy & Markets Millennials Aren't Buying Homes Like Boomers Did Harry Dent | February 28, 2019 Boomers bought real estate at unprecedented speed and price, thereby inflating a housing bubble from 1983 into 2005. Demand drove up prices. And that made them richer, especially the ones born earlier. The demographic hiccup here is Millennials aren't following suit. READ MORE » Rent to Live… Buy to Rent Harry Dent | February 7, 2019 Here's a great strategy for anyone living in unaffordable areas like San Francisco, Los Angeles, Miami, or New York. Rent in those areas to avoid the high purchase costs and the major bubble burst, and buy a house in an affordable area to rent out. Here's how that'll work… READ MORE » Economy & Markets  |  Dent Research You are receiving this e-mail as a part of your free subscription to Economy & Markets E-Letter. Remove your email from this list: Unsubscribe. To cancel by mail or for any other subscription issues, write us at: Charles Street Research Attn: Member Services, 819 North Charles Street, Baltimore MD, 21201 | Phone: 888-211-2215 | Fax: 410-223-2682 LEGAL NOTICE: Protected by copyright laws of the United States and international treaties. This e-letter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the worldwide web), in whole or in part, is strictly prohibited without the express written permission of Charles Street Research. This work is based on SEC filings, current events, interviews, corporate press releases and what we've learned as financial journalists. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility. The information herein is not intended to be personal legal or investment recommendations and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation.