K1052
Elite Member
- Aug 21, 2003
- 47,877
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True, but all markets are generally over inflated. Not only is housing demand projected to go down in the long term but the preferences of future buyers are also changing. People are moving back into the city and want livable, walk-able neighborhoods. I have a hard time seeing overpriced huge houses in middle of nowhere maintaining the same level of appeal as they do today.
Some amount of people will want the suburbs when they have kids but urban neighborhoods have definitely been staging comebacks. Particularly with empty nesters and the younger generation who are waiting longer to marry/have kids. Even then they're more likely to move to a decent inner or middle ring suburb instead of the formerly popular exurbs.
