Posted 12/28/2023, 9:07:00 PM
Aging Boomers to Flood Housing Market, Bringing Down Prices: Whitney
- Meredith Whitney, who predicted 2008 crash, says "silver tsunami" of aging boomers will bring more housing supply to market
- As boomers age, they will look to downsize, freeing up housing inventory
- More inventory and less demand from buyers will cause home prices to come down
- By 2030, 20% of US population will be over 65 as boomers continue to age
- Whitney advises millennials to wait before buying, tells boomers to sell homes now