- There are a LOT more "baby boomers" (born between World War II and 1963) than there are of the generation after them (that would be yours truly). Yeah, there are a LOT less of us. Which means all the baby boomers are going to try to sell their houses around the same time: when they reach retirement age. And there aren't enough of US to buy all of THEIR houses. Which means the prices of houses will fall and fall and fall. And the baby boomers will be outta luck. And those of us who never could afford a house of our own because the baby boomer generation has messed up this country SOOOOOOOO badly will now be able to pick and choose which overpriced (but now dirt cheap) house we want.
Of course, this doesn't take into account the fact that we STILL won't be able to afford the outrrrrrrrrrrrrrrrrrrrrrrrrageous taxes. (SIDEBAR: Hey England, sometimes it seems like "taxation without representation" might just have been CHEAPER!!!). But I digress (as usual).
It's exactly the same thing that comic book collectors will remember happened to the speculation market in comic books in the mid-90's (an event that I also predicted, thanks a lot). Everybody and their mothers bought up every first issue and special foil cover of every comic book and stuck 'em in a vault hoping to make a bundle by selling them later for a HUUUUUUUGE profit. Naturally, everybody and their mother ALSO decided to sell them all at once. Result: comic book speculation market crashed and comic books that once were worth literally THOUSANDS are now worth approximately 25 cents. Just change the word "comic books" to the word "houses" and you've got the same outcome.
So what's all this hoohah about people acting surprised that the housing market has begun it's inevitable slide out of which houses will NEVER reach such high prices again. The dolts! That's right, I used the word "DOLTS" on my blog. And it felt GOOOOOOOOOOD!!!