All Forum Posts by: Christopher Petersen

 Wouldn't a surplus drive rent and values down? 

I'm 49 and work in the offshore oil fields around the world. This last downturn hurt bad. Historically the oil field cycle is 7-10 years. The next downturn I will be near retirement. I'm looking to build something I can rely on when that happens and I'm just trying to think ahead and not put my eggs into a basket that will tip over in 15 years. 

 I understand that is what is expected. But as Boomers "retire" and Millennials postpone starting families due to career motivation it has been forecast that there could possibly be a plateau or even a slight decline in Pop Growth. That coupled with a surplus in housing could be just the thing, at just the time I need the returns/income... (15-25 years)

I'm not that worried about it, I was just looking for input and other views before I go "All-in".

Books and Blogs, Videos, Podcasts and Newsletters, I've been studying, reading and learning. I really want to get involved in Real Estate Investing with Rental Homes first, after a few, add a couple vacation properties, then may a few commercial units. Though, I have one question that has been on the top of my list. 

Will the rental market decline in the near future with the passing of the Baby Boomer generation? 

Think about this. Baby Boomer are getting up in their years, many are down sizing, moving in with family and even passing on. All of these houses are or will soon be entering the market. With an increase in home/apartment construction to accommodate the even larger generation, the Millennials, there will be a huge surplus of both homes and rental units on the market. This will drive prices down, both ACV and Rents. 

It seems like I'm always a day late to most parties and just don't want to jump into a new career/venture only to find in the next 10 years, all my investments are diluted due to the increase in inventory. 

Any comments?

One of the many supporting articles linked.Baby Boomer Housing Bust