this post was submitted on 20 Sep 2023
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[–] Catoblepas@lemmy.blahaj.zone 5 points 1 year ago

Assuming every member of the 1% in the US is a baby boomer, the value of the real estate they own accounts for about 1/3rd of the total real estate wealth owned by boomers.

The 1% have also benefited modestly from rising real-estate values. Their real-estate holdings increased by just under $1 trillion during the pandemic, to reach a high of $5.27 trillion.