Looking at GenZ and younger Millennials who operate via collective action, I don’t think GenX/Boomer sellers are ready. This is really a thought topic about buying/selling single family/Townhomes/Condos in the next 10 years.
I think this house of cards and current state of buying/selling is in a precocious spot. It could easily be disrupted by mass sentiment. A smart App developer could come along and make Zillow, with comments, likes etc making it a more social experience. There are so many times when I wish Zillow had comments, the content would be magnificent. Or there will be a collective push via TikTok to low ball the living shit out of sellers to influence the market forcing a correction. Home prices are actually ridiculous right now and they don’t seem to show signs of cooling in the next 5 years. But something will break.
Interested if others have thought about this.
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source https://www.reddit.com/r/RealEstate/comments/1araxpd/i_dont_think_sellers_are_prepared_for_the_next/
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