Planned Boomer Sales – In One Extended Family, 5 of 7 Homes Will Be Sold

‘t’ at vancouvercondo.info November 28th, 2010 at 6:07 am“With regards to boomers selling to either leave the market or downsize…
My parents intend to leave us the house, so they will not be selling…and neither will we because the house simply has too much sentimental value for my sibs and I.
Out of 5 sets of Aunts/Uncles, the eldest has recently sold their home to free up retirement funds. I suspect that 2 other sets will be selling for the same reason in the next 10-15 years.
For the Grandparents, the West-side homes will likely end up being sold because no one in the inheriting group can afford to buy out the other members, and I doubt any of us will be content to leave our share in.”

[Update: One uncle does not own. So, of 7 homes, 5 will be sold. -ed.]

One response to “Planned Boomer Sales – In One Extended Family, 5 of 7 Homes Will Be Sold

  1. Actually…its 5 out of 7 homes because one of my uncles doesn’t own…

    [Many thanks for the clarification; post updated (8 homes changed to 7 homes). -ed.]

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