Episode Details

Have you ever wondered why more Baby Boomers aren't downsizing, even though many are now living in homes that are bigger than they need?

Simon Kuestenmacher and I discuss this important demographic trend that affects housing affordability, intergenerational wealth, and how our cities will evolve.

So whether you're a policymaker, a property investor, or a Millennial waiting for the Boomer next door to sell, you won't want to miss this show.

Takeaways

· The narrative of downsizing among baby boomers is often exaggerated.

· Emotional attachments to family homes play a significant role in the decision to downsize.

· Many baby boomers prefer to age in place rather than move to smaller homes.

· Financial disincentives, such as stamp duty, discourage downsizing.

· The lack of suitable housing stock for downsizers is a major barrier.

· Governments need to create incentives to encourage downsizing.

· Baby boomers are asset-rich but cautious about moving.

· Millennials are missing out on family homes due to baby boomers not downsizing.

· Local councils often block developments that could provide suitable housing for downsizers.

· Downsizing is not just about space; it's about lifestyle and community.

Chapters