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The Next Housing Bubble - Is This the Perfect Storm?

By Implode-Explode Heavy Industries

"In surfing the tubes that make up the internet (my apologies to the late Senator from Alaska), I happened upon this article from the Journal of the American Planning Association. The article is entitled "Aging Baby Boomers and the Generational Housing Bubble". It is a fascinating analysis of what could bring a fatal blow to the idea that our houses will form the bulk of our assets as those of us that are baby boomers enter our retirement years. Unlike the short-term "temporary" meltdown in house prices created by the subprime mortgage issue of the past two years, this long-term demographic price correction could have a permanent impact on the housing market."

Full post as published by Mortgage Lender Implode-o-Meter on December 15, 2010 (boomark / email).