As Millennials continue to delay the purchase of their first home, retiring baby boomers are stepping in to provide rental housing. You could call it a "generational balancing act" in the housing market.
Bloomberg wrote an article about the boomers' new retirement plan. It's founded on a surging number of millennials who rent because they either can't purchase a home yet, or they don't want to.
The article says that more and more baby boomers are abandoning traditional investments because they have become so unpredictable. Instead, it says that many boomers are looking for single-family homes they can buy, fix, and rent out.
This sounds like the exact plan we’ve been teaching members of Real Wealth Network for 13 years… Looks like we’re not alone. :-)