Fifteen years ago, a generation of baby boomers built their dream homes. Now they can't sell them.
Large, high-end homes across the Sunbelt are sitting on the market, enduring deep price cuts to sell.
That is a far different picture than 15 years ago, when retirees were rushing to build elaborate, five or six-bedroom houses in warm climates, fueled in part by the easy credit of the real estate boom. Many baby boomers poured millions into these spacious homes, planning to live out their golden years in houses with all the bells and whistles.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The College Admissions Scandal & Estate Planning: The Privileged Child ProblemThe college admissions scandal stretches beyond colleges, raising broader questions like estate planning. Are over-indulging privileged children a larger problem that may cost not only the children, but the parents later in life? 5 celebrity court cases help explore these questions.
Read more »
The College Admissions Scandal & Estate Planning: The Privileged Child ProblemThe college admissions scandal stretches beyond colleges, raising broader questions like estate planning. Are over-indulging privileged children a larger problem that may cost not only the children, but the parents later in life? 5 celebrity court cases help explore these questions.
Read more »
Real-Estate Industry Blasts ‘Pied-à-Terre’ Tax on High-Value Second HomesThe real-estate industry is launching a frontal assault against a plan in Albany to impose a stiff annual tax on wealthy owners of part-time homes in New York City, warning it could further harm the housing market.
Read more »
Wealthy People Paying For Their Kids To Get Into College Isn't The Big ProblemThe bribery scandal in college admissions is shocking, but even more disturbing in a practical sense should be how millions of students will get left behind.
Read more »
Ichiro says goodbye to adoring fans; Mariners beat A's in 12Ichiro Suzuki was showered with cheers and chants Thursday night while taking his final bow in a magnificent career that lasted nearly three decades when the Seattle Mariners beat the Oakland Athletics 5-4 in 12 innings. The 45-year-old Ichiro went 0 for 4 in the second game of the Major...
Read more »
Big Vehicle Is Big Winner As Ford Boosts Output Of Expedition SUV By Another 20%Ford is riding the 'big' wave by significantly boosting production of its mammoth Expedition for the second time in two years, as the latest version of its largest SUV continues to gobble up market share in a three-row utility-vehicle segment that just keeps expanding.
Read more »
The billionaire behind Hudson Yards, the most expensive real-estate development in US history, says it's 'not a neighborhood for the rich'Hudson Yards will include condos that start at $4.3 million, a luxury mall with stores like Louis Vuitton and Dior, a performing arts space, and more.
Read more »
White House and House Democrats battle over John Kelly, ex-officials in Trump probesHouse Democrats have identified former administration officials they need to carry out their investigations. But the White House isn't making it an easy task
Read more »