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 

 

00:00 Introduction to Downsizing Trends

01:14 The Reality of Downsizing for Baby Boomers

03:53 Emotional Attachments and Decision-Making

09:19 Financial Disincentives in Downsizing

13:13 Barriers to Development and Housing Stock

15:35 Wealth Distribution and Baby Boomers

18:09 Consequences of Not Downsizing

21:51 Government Policies and Housing Market

24:37 Personal Considerations for Downsizing

 

Links and Resources:  

  <span lang="EN-US" style="font-family: 'Ar