On our daily walk this morning, my DW and I were discussing our plans to relocate to the SW next year for the lower cost of living. She was making a case for renting initially but then buying something once we find a town we like. Her rationale was that as the baby-boomers move into retirement, they will buy up all the good real-estate in the SW, driving up the prices out of our reach.
Do you think she's right? I'm curious whether anyone else is taking the approach of buying in a low cost area now to lock in a low monthly payment with the assumption that the baby-boomers will drive up the prices over the next 10 years.
Do you think she's right? I'm curious whether anyone else is taking the approach of buying in a low cost area now to lock in a low monthly payment with the assumption that the baby-boomers will drive up the prices over the next 10 years.