housing prices head down, page-26

"""The new generation will inherent the wealth of the previous through the process that has always been in place, history will repeat and repeat and then repeat again."""

But the new generation don't want to live in tired old mum and dads house in the suburbs, they want cutting edge inner city.

The new generation prefer to travel and buy gadgets then be a landlord, they aren't beholden to the mantras of the generations before them.

And finally, the baby boomers will be sellers to sustain them in retirement with life expectancy and pension ages blowing out. Dont think I would be wanting to chase tenants and rents at 80 years of age. We all saw a decade ago the move for reverse mortgages and how that fleeced a few retirees into losing their homes. Cash is king the older you get.