Jason Hartman and investment counselor Adam explore the phenomenon of aging homebuyers in this episode before getting to some listener questions. Since the Great Recession the average age of homebuyers has skyrocketed into the upper 40s, about a decade older than it was before. Adam and Jason explore the reasons behind this shift and what it could mean for investors moving forward.
Then Jason and Adam answer 2 listener questions, one about Capital Expenditures and one about when NOT to do a 1031 Tax Deferred Exchange.
[4:16] The median age of homebuyers is now 47
[7:30] The downside of home ownership in this digital nomad society
[12:06] The history of homebuyer ages
[17:37] Are big CapEx like roofs and HVAC included in the pro forma maintenance percentages?
[21:12] Always ask for a Scope of Work prior to entering into a contract
[23:16] When shouldn’t you do a 1031 Exchange?
[27:56] A property profile in Indiana