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I am seeing a new trend, anyone else?

By
Real Estate Broker/Owner with Steelbridge Realty LLC

Midwest/Upper MW - OLD hillside 'hoods outside eroded mining towns & Industrial-based Cities, eco-freaks buying them up or leasing from others where buying isn't yet suitable. Resale after faux-rehab (paint/faucets/sanded wood flooring/spa/bay windows) makes their eyes light up and the checkbooks come out gunning for a closing.

It's happening in several AOs, Colorado / Wyoming (for God's sake!) / even in Minnesota, where the hunting goes in both directions without prior


If that isn't the "niche", it's a developing story as "intellectuals" again seek privacy/serenity/affordability, which they'll tear asunder from their own influx and influence on the PARADISE they found so desirable when it was "fresh".

They have MONEY to burn, and burn it they will, but not from credit as wildly as in their "working days". They're the leading edge of the Boomers, the class of the era who stayed in school for more than the standard 2/4 yrs, allowing higher incomes/savings rates and EARLY retirement from the areas they destroyed (CA/WA/NV) on their way "up".

The rest of the class will follow soon enough, as the clock does tick without pause. It's a HUGE class, perhaps the largest ever to hit the age of non-productivity in the history of the world. The vacuum left from their retirement will give the younger generation great opportunity to test itself on the levers of commerce, but there are too few of them to fill the void of their Parents' departure. Some level of those departures will be FORCED as businesses contract to survive, but even the majority of those forced out will go with a pot-o-money of their own.

Should be interesting times in commerce AND in housing shifts, indeed

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