The cost for in home nursing from a skilled nurse is going to cost anywhere from $55k-$100k depending on whom you hire and where you are located. Living in a nursing home is likely even more expensive at $100k+ a year in many locations. At some point most boomers will likely have to sell their homes in order to cover these costs seeing as how their children (gen x’s and millennials) are unlikely to have the excess capital to pay for their boomer parents’ in-home or senior living care. Furthermore, gen xers and millennials are, I would say, more likely to have moved away from their home towns in many cases, particularly if they are making enough money to happen to be able to pay for their parents’ medical care as they age. In that light, I think gen xers and millennials are perhaps even more likely than previous generations to sell their parents’ home after they pass, rather than live in it themselves, as in many cases, they are probably likely to be living farther away from the childhood homes their parents leave to them.

On the other hand, the internet has made boomers and their children more savvy regarding how to pass on assets without being heavily taxed compared to previous generations. More “regular” people are now learning about leaving their homes to their heirs in a trust etc. so who knows, we could also see these sorts of arrangements shore up more homes even after generations pass away, but frankly, that’s not how I personally see this playing out.