by kleinbl00

I'll show you ruin, I'll show you vengeance

I'll show you no one, and no one is calling

I'll show you ruin, I'll show you heartbreak

I'll show you loving, and sorrow and darkness

I'll show you ruin, I'll show you evil

I'll sing you a war song, I'll sing you a new one

I'll show you ruin, I'll show you broken

I'll show you shameless, I'll tear you wide open

Last week I saw a bunch of $1m houses being bought. Usually they sit on the market for a year. All of a sudden, all snatched up.

This week I see a bunch of $1.5m houses being put on the market.

I am Karen's 401(k)

The recent reversal in the stock market has the potential to expedite the long anticipated “Silver Tsunami.” A June 2019 Fannie Mae report tallied the number of homes owned by boomers and the generation that preceded at about 46 million, more than a third of the 140-million-home housing stock. Zillow Group Inc. predicts “upwards of 20 million homes hitting the market through the mid-2030s (which) will provide a substantial and sustained boost to supply, comparable to the fluctuations that new home construction experienced in the 2000s boom-bust cycle.”

But now, the number of homes Zillow projected to hit the market in a disciplined fashion over the next 15 years will become an exodus as retirees’ need to monetize the equity in their homes to supplement their disposable income skyrockets. One can only imagine how swiftly home prices will decline once boomers feel safe enough to open their homes to outsiders as part of the normal sales process. The University of Michigan’s preliminary consumer sentiment index for April that was released Thursday showed that plans to buy a home tumbled the most since 1979.