However, assets attributed to home equity are subject to the whims of the housing market. Just ask anyone still underwater on a home purchased before the financial crisis.
However, the migration of primarily younger individuals has caused an escalation in this ageing shift. Some areas are ageing much more quickly than expected. In those areas, home prices have been vulnerable to long-term declines.From 2010 to 2016, counties with ageing populations were about 50 per cent more likely to have experienced a decline in home values than those counties that were becoming “younger.
This is far from a rural phenomenon. In Allegheny County, the Pennsylvania county that’s home to Pittsburgh, a similar increase in population has also decreased the average age of its residents.Millennials’ migration to particular counties has fueled speculative real estate transactions.