I’ll die before I sell you my home

From the Hill:

1 in 3 baby boomers say they’ll never sell home: Redfin

About a third of baby boomers who own their homes don’t expect to ever part with them, according to a new poll.

The survey, which was conducted by Ipsos last month for nationwide real estate company Redfin, found that another 30 percent of the post-World War II generation said they might sell at some point — just not within the next decade.

Comparatively, about a quarter of homeowners who are part of Gen X — loosely defined as people born between 1965 and 1980 — say they will never sell their homes. About 20 percent of Millennials and the Gen Z cohort who own homes said they will never sell.

According to Redfin, the tendency among older Americans to stay in the homes they own is putting additional stress on the housing market and making it more difficult for younger people to find affordable places to buy that are fit to raise families. Nearly 90 percent of the boomer-owned dwellings are single-family homes.

“While inventory is improving, supply is tight for young house hunters looking for family homes, especially in suburban areas where homes priced like starter homes, yet large enough for families, are scarce,” Redfin chief economist Daryl Fairweather said in an analysis of the poll’s findings. “With baby boomers opting to age in place rather than sell, it’s challenging for younger buyers to find affordable options that fit their lifestyle.”

This entry was posted in Demographics, Economics, Housing Bubble, National Real Estate. Bookmark the permalink.

30 Responses to I’ll die before I sell you my home

  1. Hold my beer says:

    First

  2. RentL0rd says:

    Dos

  3. RentL0rd says:

    Trying to head to the beach with kids of very different ages is like herding cats

  4. Very Stable Genius says:

    “How many people live in Iran, by the way?” Carlson asks at the start of the clip.

    “I don’t know the population,” Ted Cruz replies.

    “At all?” Carlson asks.

    “No, I don’t know the population,” Cruz says.

    “You don’t know the population of the country you seek to topple?” Carlson presses.

  5. grim says:

    Not a great time to be a consumer of real estate.

    Realtor.com CEO slams private listings: ‘It is utter nonsense’

    Amid a raging debate within the real estate industry over private listings, Realtor.com CEO Damian Eales on Monday slammed advocates of the idea, calling their arguments “utter nonsense” and suggesting they will find themselves on the wrong side of history.

    Eales made the argument in a blog post in which he praised the U.S. real estate market for, uniquely, giving buyers “fair access to all properties.” He also noted that as an Australian, he has first-hand experience selling homes where the principles of Clear Cooperation do not apply.

    Clear Cooperation is a National Association of Realtors rule that requires brokers to put their listings into their local multiple listing service within a day that they begin marketing. The rule has been polarizing, but NAR recently opted to keep it in place, albeit with a key modification.

    In his blog post on the topic, Eales most incendiary comments ultimately came several paragraphs in, when he said “it is anathema to common sense that more and more sellers want the ‘choice’ of fewer free eyeballs.”

    “More likely, under the influence of those who should know better, and those who have a fiduciary obligation to serve their client’s interests, some sellers are seduced into believing that ‘less is more,’” Eales wrote. “It is utter nonsense, and never-more-so in an emerging buyers’ market.”

    The comments tap into the ongoing debate over private listings, which are for-sale homes that are marketed exclusively between brokers or via a broker’s platform but which do not go into the local multiple listing service. Compass and its CEO Robert Reffkin have been the industry’s most vocal advocates of the concept, rolling out a three-phase strategy that sees homes begin their journey on the market as private listings.

  6. Brt says:

    Would love to hear your solutions to the Iran Istael issue VSG.

  7. RentL0rd says:

    I am no expert, but I will say ending the war and diplomatic resolution, like what happened between India and Pakistan is the answer.

    US has/had decent relationships with both countries and was able to bring them together.

  8. Brt says:

    Rent,

    I agree

  9. Dark Phoenix says:

    I’ll die before I sell you my home.

    Covid almost gave Gen Z a chance at homeownership.

    But boomer got the vax.

    Sorry Z, you paid for the vax, you will pay for boomer’s retirement, you paid for the government shutdown as now that ballooned the deficit, so you can pay interest on that as well.

    Granny gave you the big middle finger, and now that geezer is going to die there in that house, and should you buy it at an inflated price, you get to absorb all of the local debt she didn’t pay with her “senior discount” on taxes. On top of that, you get to fix the decreipit box the skeleton sold you, with materials that are 5x as expensive thanks to the OrangeUltaBeauty King boomer voted in.

  10. TheMiddleEastIsThePresentEquivalent ButWayFasterToFinalTechDrivenApocalypticEnd says:

    To BRT & RentLord,

    I’m sanguine that the solution is going to be a really bloody end requiring 1 or 100 nuclear explosions. A historical equivalent is the 30yrs war in Europe which actually lasted centuries and it settled out once more pragmatic modern interests and views rose to power.

    Freethought which is the foundation of modernity is based on beliefs should not be formed on the basis of authority, tradition, revelation, or dogma and should instead be reached by other methods such as logic, reason, and empirical observation.The situation in the ME is based on the opposite of freethought.

    To give you an idea, from Wikipedia,

    The Thirty Years’ War,[i] fought primarily in Central Europe between 1618 and 1648, was one of the most destructive conflicts in European history. An estimated 4.5 to 8 million soldiers and civilians died from battle, famine, or disease, while parts of Germany reported population declines of over 50%.[19] Related conflicts include the Eighty Years’ War, the War of the Mantuan Succession, the Franco-Spanish War, the Torstenson War, the Dutch-Portuguese War, the Valtellina War, and the Portuguese Restoration War.

    The war had its origins in the 16th-century Reformation, which led to religious conflict within the Holy Roman Empire. The 1555 Peace of Augsburg attempted to resolve this by dividing the Empire into Catholic and Lutheran states, but the settlement was destabilised by the subsequent expansion of Protestantism beyond these boundaries. Combined with differences over the limits of imperial authority, religion was thus an important factor in starting the war. However, its scope and extent was largely the consequence of external drivers such as the French–Habsburg rivalry and the Dutch Revolt.[20]

    Its outbreak is generally traced to 1618,[j] when the Catholic Emperor Ferdinand II was replaced as king of Bohemia by the Protestant Frederick V of the Palatinate. Although Ferdinand quickly regained control of Bohemia, Frederick’s participation expanded fighting into the Palatinate, whose strategic importance drew in the Dutch Republic and Spain, then engaged in the Eighty Years’ War. In addition, the acquisition of territories within the Empire by rulers like Christian IV of Denmark and Gustavus Adolphus of Sweden gave them and other foreign powers an ongoing motive to intervene. Combined with fears the Protestant religion in general was threatened, these factors turned an internal dynastic dispute into a European conflict.

    The period 1618 to 1635 was primarily a civil war within the Holy Roman Empire, which largely ended with the Peace of Prague. However, France’s entry into the war in alliance with Sweden turned the empire into one theatre of a wider struggle with their Habsburg rivals, Emperor Ferdinand III and Spain. Fighting ended with the 1648 Peace of Westphalia, whose terms included greater autonomy for states like Bavaria and Saxony, as well as acceptance of Dutch independence by Spain. The conflict shifted the balance of power in favour of France, and set the stage for the expansionist wars of Louis XIV which dominated Europe for the next sixty years.
    Structural origins

    The 16th century Reformation caused open warfare between Protestants and Catholics within the Holy Roman Empire, which ended with the 1552 Peace of Passau. The Peace of Augsburg in 1555 tried to prevent a recurrence by fixing boundaries between the two faiths, using the principle of cuius regio, eius religio. Under this, states were designated as either Lutheran, then the most usual form of Protestantism, or Catholic, based on the religion of their ruler. Other provisions protected substantial religious minorities in cities like Donauwörth, and confirmed Lutheran ownership of property taken from the Catholic Church since 1552.[21][k]

    However, the settlement was undermined by the expansion of Protestantism into Catholic areas post-1555, particularly Calvinism, a Protestant doctrine viewed with hostility by both Lutherans and Catholics.[22] The Augsburg terms also gave individual rulers significantly greater autonomy, allowing larger states to pursue their own objectives. These frequently clashed with those of central authority, and on occasion superseded religion, with the Protestant states of Saxony, Brandenburg, Denmark–Norway and Sweden competing over the lucrative Baltic trade.[23][l]

    Reconciling these differences was hampered by fragmented political institutions, which included 300 imperial estates distributed across Germany, the Low Countries, northern Italy, and present-day France.[m] These ranged in size and importance from the seven Prince-electors who voted for the Holy Roman Emperor, down to Prince-bishoprics and imperial cities like Hamburg.[n] Each also belonged to a separate regional grouping known as an Imperial Circle, which was chiefly concerned with defence, and operated independently. Above all of these was the Imperial Diet, which assembled infrequently, and focused on discussion, rather than legislation.[26]

    Although technically elected, since 1440, the position of emperor had been held by the House of Habsburg. The largest single landowner within the Holy Roman Empire, they ruled over eight million subjects, based in territories that included Austria, Bohemia and Hungary.[27] They also controlled the Spanish Empire until 1556, when Charles V divided his possessions between different branches of the family. This bond was reinforced by frequent inter-marriage, while Spain retained territories within the Holy Roman Empire such as the Spanish Netherlands, Milan and Franche-Comté. However, although the two often collaborated, there was no such thing as a joint “Habsburg” policy.[28]

    This is because the two entities were very different. Spain was a global maritime superpower, stretching from Europe to the Philippines, and the Americas, while Austria [o] was a land-based power, focused on Germany, and securing their eastern border against the Ottoman Empire.[29] Another key difference was the disparity in relative financial strength, with the Spanish providing large subsidies to their Austrian counterparts. The loss of these post 1640, as Spain itself struggled with the costs of a long running global war, substantially weakened the imperial position.[30]

    Prior to the Reformation, shared religion partially compensated for weak imperial institutions. After 1556, rising religious and political tensions allowed states like Lutheran Saxony and Catholic Bavaria to expand their own power, while further weakening imperial authority. This internal political struggle was exacerbated by external powers with their own strategic objectives, such as Spain, the Dutch Republic, or France, confronted by Habsburg lands on its borders to the north, south, and along the Pyrenees. Since a number of foreign rulers were also imperial princes, divisions within the empire drew in players like Christian IV of Denmark, who joined the war in 1625 as Duke of Holstein-Gottorp.[24]

  11. RentL0rd says:

    People who visited or lived in Iran will tell you that the average Iranian is more American than Americans – in their western outlook. So, I don’t believe we will witness anything like the 30 year war.

    To remind ourselves, that in 1953, US and UK orchestrated a coup to overthrow a democratically elected government for the sake of oil.

    No idea where this goes.. but I don’t think Israel of US will be able to say “Mission Accomplished” any time soon.

    Meanwhile the resentment against Israel will grow – especially from the younger generation from who the govt needs to borrow to drop those bombs.

  12. LAX says:

    Dude we are so fucked.

  13. LAXIsAHappyBoy says:

    LAX,

    Well you are not, as you are getting some housing bucks.

    But there is someone here, a bit backed up that needs to yell- https://youtu.be/JxxNvfVfDB0?si=R2pKcdSVJIPIhYOg

    So do you or anyone else want to start the Dark Phoenix Pipe Cleaning, Relaxation and De-escalation Fund?

    It would be spent on a 1-2 day all expense paid trip for Dark Phoenix to experience the Fort Lee Main Street Bordello experience, along with meals and drinks break at the many money laundering asian restaurants and if overnight stay is required, the newly built and perpetually empty luxury hotel can easily accomodate him.

    Fear not police or ICE raids, as hefty protection payroll ensures that all eyes are kept away from any illegality or any illegality is alleged to happen.

  14. LAX says:

    Holy Crap! Surveillance doe….

  15. Dark Phoenix says:

    Its gonna be a bang. A large bang

    No better bang ever. It will rain death

    Lots of death. Biggest amount of death you have ever seen.

    Tulsi was wrong. I needed to grab her by the pussy and show her the way.

    Your’e gonna love it. America will love it. The world will love it.

    And if those bas turds keep it up in LA, they will be glowing too.

    I am King Trump!

  16. Dark Phoenix says:

    It appears we have done it and dropped some bombs in Iran.

    Trump started another war.

  17. VSG says:

    Some members of Congress criticized the Trump administration for not seeking congressional approval before U.S. troops engaged in attacks against Iran.

    “This is not Constitutional,” said Representative Thomas Massie, Republican of Kentucky, who was a co-sponsor of a resolution trying to block any military action in Iran without Congress authorizing it.

  18. VSG says:

    Experts said the decision by President Trump to strike Iran marked the start of an unpredictable chapter of security and politics in the Middle East.

    “It’s a new phase, and a potentially problematic one,” said Ray Takeyh, a senior fellow for Middle East studies at the Council on Foreign Relations.

  19. Very Stable Genius says:

    “There’s been, I think, too much certainty in the public discussion that this 30,000 lb bomb could actually eliminate Fordow,” cautions former Chair of the Joint Chiefs Mike Mullen.

    Nonetheless, “we are very, very close to a wider war breaking out,” he says.

  20. Grim says:

    Clowns to the left of me
    Jokers to the right
    Stuck in the middle (east) again…

  21. RentL0rd says:

    I am hearing that there is no radiation at the sites where we dropped the bombs including Fordo. Not sure if it is true or not.

    But if that is the case, WTF?! No WMDs?

    Nobody talks about how unconstitutional it is for potus to go to war unilaterally.

  22. BRT says:

    This is a major disappointment. There’s no hope for the US. We get war mongers no matter what. We could have told Israel to bomb that sh1t themselves.

  23. RentL0rd says:

    What happens next according to ai:

    If the U.S. were to join Israel in bombing three nuclear sites in Iran with B-2 bombers, it would mark a major escalation in the Middle East with global consequences. While we’re in hypothetical territory, here’s a breakdown of likely next steps, depending on strategic, diplomatic, and military reactions:

    🔥 Immediate Fallout (0–72 hours)

    1. ⁠Iranian Response:

    Missile strikes on U.S. bases in Iraq, Syria, or the Gulf.

    Proxy attacks by Hezbollah in Lebanon or Shia militias in Iraq and Syria.

    Possible closure or disruption of the Strait of Hormuz, affecting 20% of the world’s oil flow.

    2. Israeli Defense Posture:

    Nationwide emergency.

    Full deployment of Iron Dome, Arrow, and David’s Sling systems.

    Potential for Tel Aviv and Haifa to be targeted.

    3. U.S. and Allied Military Readiness:

    Heightened alert at CENTCOM bases.

    Naval assets move to Persian Gulf and Eastern Mediterranean.

    NATO consultations (especially with UK, France, Turkey).

    🌐 Diplomatic and Global Response

    4. United Nations Emergency Session:

    Likely condemnation from Russia, China, and non-aligned countries.

    Western allies (EU, UK, Canada, Australia) urge de-escalation.

    5. Oil Market Shock:

    Global oil prices spike.

    Stock markets drop due to instability and war risk.

    6. China and Russia’s Involvement:

    Russia may provide military or logistical support to Iran.

    China might leverage the chaos diplomatically or economically.

    🧭 Strategic Options for All Sides

    7. Iran’s Decision Point:

    Escalate into full war, targeting Gulf states or attempting to develop nukes in secret.

    De-escalate under pressure, using diplomacy to gain global sympathy.

    8. U.S. Dilemma:

    Continue limited strikes and containment.

    Push for regime change or full-scale invasion, which is risky and unpopular.

    Attempt to broker ceasefire after “surgical” action.

    9. Israel’s Position:

    Defend itself on multiple fronts (Lebanon, Gaza, Syria).

    Possibly pressured by U.S. to stand down.

    🕊️ Paths Forward

    Best-case scenario: Rapid de-escalation, secret talks mediated by neutral parties (e.g., Oman, Switzerland).

    Worst-case scenario: Regional war involving Lebanon, Syria, Yemen, and Gulf states—possibly dragging in superpower.

  24. Fabius Maximus says:

    “Nobody talks about how unconstitutional it is for potus to go to war unilaterally.”

    Give it a few minutes. I’m sure Juice and 3b will be in here carrying water for Donnie.

  25. VSG says:

    “We love you God”

  26. RentL0rd says:

    No consultation with congress. No 2 weeks of negotiation. No real strategy. Go back on all campaign promises. Just small dick energy. A NJ road rage would appear far more civilized than this.

  27. Chicago says:

    Meanwhile the usual suspects are here with a reflexive repudiation. What is your point exactly?

    They haven’t posted, yet you just did. Who invites greater criticism?

    Fabius Maximus says:
    June 21, 2025 at 9:30 pm
    “Nobody talks about how unconstitutional it is for potus to go to war unilaterally.”

    Give it a few minutes. I’m sure Juice and 3b will be in here carrying water for Donnie.

  28. Boomer Remover says:

    “We love you God” was painful to process.

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