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[...] Yun, the Chief Economist of NAR and my doppelganger, has a new post up in which he discusses the growth in global population: In regards to the United States, some have claimed that the large number of people retiring and an [...]
Great insight, but I am shocked that there is no mention of the “Echo Boomers” or “Generation Y,” who outnumber the Baby Boomers by a staggering 50%. We must not ignore the impact they will have as they overwhelm the space left behind by their parents.
[...] Real Estate prices in Japan have been in the doldrums for at least the past 20 years as well. Part of the reason is due to the crash in bubble real estate prices in the 1980s. But there is also another simple reason: population in Japan has essentially stopped growing. The same number of people cannot create additional demand for real estate, unless they want to buy second and third homes. Read More. [...]