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Description: Baby Boomers will start selling their houses in MA at age 55 according to study
URL: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/03/09/REDHVBQ2L.DTL
Info/Broken?: http://www.bostonbubble.com/link_info.php?id=1543

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Guest · Posted: Tue Mar 11, 2008 12:44 pm GMT Post subject:

Good thing, the baby boomers have lived in their houses long enough they have tons of equity to cash out. They did not buy between 1999-2005 so they are willing to listen to offers.

Bad thing, their houses are typically larger and pricier. Some baby boomers are banking on the sale of the house to fund their retirement so they might want top dollar.

But I think early 50's is the age boomers want to move out. My parents recently sold their 3000+sq/ft because all the kids moved out and it was too much work to maintain a large house. They priced the property correctly and sold it in one month. The person who bought it, early 30's couldn't sell his house for almost a year and carried two mortgages..ouch!