Ok, so I'm sure everyone has heard this before, that at every stage of their life everything the baby boomers have touched has exploded in growth. For the last 10, 15 - 20 years or so the big push has been the boomers are planning for retirement and financial services have been loving it. In another 20-30 years, and I mean this as lightly as possible, funeral homes and cemeteries are going to be overwhelmed with demand. But right now and for the next 10 - 15 years, the economy will experience a massive shift in assets. Stocks, Real Estate, jobs, vehicles, etc. Basically if it hold intrinsic, but is not spitting out an income stream it will likely be sold off in order to allow the boomers to draw an income from it.
Regardless of what little bleeps occur over the next few years in any financial market, it is fairly certain that this transfer of wealth is going to have a huge impact on the economy.
In the 80's when the boomers were first time home buyers interest rates soared up to the same levels as credit cards 18 - 20% per year. And with more buyers than homes on the market it was truly a sellers market, driving prices up. (of course afterwards there was the correction and the days of dollar deals because people could not afford their mortgage payments), but it was definitely a huge impact.
Now we are basically looking at a reversal. Boomers want to sell, which will flood the market with inventory. And who is going to buy it all. In theory, the Echo Boomers are the only generation capable of taking on this increase in inventory. Luckily as the first wave of boomers are going into retirement, our first wave of echo's are graduating from university and getting started in our careers, looking at buying property, toys and eventually starting families (or not).
So over the next decade we should be seeing rental properties, vacation properties, entire investment portfolio's flood the market in record numbers. It may be a good time to be in the Winnebago business or to own a golf course, right?
Anyways, I want to see what others are predicting, thoughts, opinions, etc. as to what this is going to mean for our generations as this change occurs.