The Demographic Collapse: When 21 Million Houses Hit the Market
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What happens to America when the Baby Boomers are gone, and millions of suburban homes suddenly change hands? The Baby Boomer generation helped build the modern American suburb. They bought large family homes when prices were low, raised families in sprawling neighborhoods, and accumulated enormous amounts of housing wealth along the way. Now that generation is aging. Over the coming years, millions of Boomers will downsize, move into assisted living, relocate, or die, potentially releasing huge numbers of homes back onto the market. On the surface, that sounds like great news for Millennials and Gen Z struggling to afford housing. But there’s a catch. Private equity firms and corporate landlords are already buying thousands of single-family homes and converting them into rentals. At the same time, many aging suburbs are facing expensive repairs to roads, schools, sewer systems, and other infrastructure built decades ago. And younger generations may not even want the same suburban li
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