The only problem? Young people aren’t interested in buying their houses, according to the Journal.
“Homes built before 2012 are selling at steep discounts — sometimes almost 50%, and many owners end up selling for less than they paid to build their homes,” Taylor wrote.
Boomers are looking to downsize, but millennials aren’t interested in their huge houses
“These days, buyers of all ages eschew the large, ornate houses built in those years in favor of smaller, more modern-looking alternatives, and prefer walkable areas to living miles from retail,” Taylor wrote.
Younger buyers are also uninterested in outdated interior design.
“Design trends have shifted radically in the past decade,” Taylor wrote. “That means a home with crown moldings, ornate details and Mediterranean or Tuscan-style architecture can be a hard sell, while properties with clean lines and open floor plans get snapped up.”