Boomers Bought Up the Big Homes. Now They're Not Budging.

[PatrickforB]

14. Oh for goodness sake! The WSJ always is ruled by sheer greed. I mean, listen to them!

Oh, those selfish, selfish boomers!

They got big houses, raised families and now aren't going to budge.

What is it? Spite? Selfishness? Some sick idea that we want to cheat our kids out of affordable housing?

Oh, come on, WSJ! Give us a break here.

You know why I haven't downsized?

I can't. That's why. I would dearly love to get out of this place but if I sell, there is no way I would be able to find something that would be what I want/need as I grow older.

Here in Colorado, there is a dearth of condos. I would LOVE a ranch condo with three bedrooms, two baths and a garage. Guess what? Developers won't build them. Oh, there is a huge pent up demand, but silly Democrats in our state legislature - they insist the developers build quality condos as opposed to crummy, poorly built ones that fall apart around our knees. It's a regular ol' urination contest, and there just ain't any condos. Not like I want.

So here I stay - not out of some sick Wall Street form of disgusting greed-lizardness. Nope. It's because I'm better off here because if I sell, I won't walk away with enough to get a decent post-retirement place.

In some form or another, we are all hurt by the ol' Wall Street squeeze.

Oh, and a second guess what - corporations - that's right folks, publicly traded corporations are buying up single family homes and sitting on them. Some are rented out, others left vacant to flip when the opportunity rises.

Hey, wonder how come the good ol' Journal didn't throw that little factoid into this article. They love to blame people, don't they?