Baby boomers own over half of all American homes
This massive concentration of property wealth allows a single generation to dominate the housing market, frequently outbidding younger buyers with all-cash offers fueled by decades of appreciation.
A home purchased for just $20,000 in 1970 now commands an average price of $400,000, representing a twenty-fold increase in value that has transformed the American middle class. This 'wealth effect' means that baby boomers now control more than half of all residential equity in the United States. While younger generations struggle with an average of $30,000 in student debt, older homeowners are leveraging their paid-off properties to move with incredible agility, often acting as both the primary buyers and sellers in the same market.
There's more to this story — open the app to keep reading.