Impact of demographics on large UWS apts

Just anecdotally. Among baby-boomers, there's trinityparent, who unloaded the 7 when the kids left. On the other hand, I know a child-free 50s/60s couple in a 6 on RSD with no plans to leave, ever. It seems to run the gamut. In my building there's a single guy in his 50s for whom a 4.5 wasn't enough, so he added the one-bedroom next door. Then our cousins in an 11 on Park with no plans to downsize now the kids are gone.

If there's any pattern I see, it's that people hate the thought of buying high even though they'd be simultaneously selling high.

I know singles in Classic 7s and Couples in Classic 6s. It is a nice amount of space (188-2100). Not too over the top.

Uh Oh nyc10023...feeling the need to expand already? That didn't take long. :)

When we sold our 7, we envisioned a young family being as happy in the space as we'd been. But our apt was bought by a couple the same age as we are, who were moving out of a duplex 7 in the neighborhood and wanted basically what they'd had before but without stairs. They have married kids in Washington and Boston and wanted to encourage them to visit. Our kids are in Manhattan (too close to stay over) and Bali (too far to come often) so we content ourselves with a foldout bed in hubby's home office. Bali boy is coming tonight - assuming he gets through airport security - at Heathrow last night we had a personal body search of every single person, delaying the flight 2 hours (but worth it, don't you think?)
Lofty aka TrinityParent

The sick thing is, Lofty, I think I know which duplex 7 they unloaded.
Walter: no, just curious as to when all this inventory is going to hit the market.

I know that in 771 WEA there are only a handful of original owners left. It went coop in 1980 and we had 3 deaths from old age last year.

10023, I don't think its just a UWS, or large apartment, issue. If you think that many of the coops in NYC converted in the 1980s, and most of the buyers were established adults (40+) it is going to be more and more of an issue in the coming decade. On the one hand this will mean a steady supply of inventory which may help suppress pricing regardless of whatever else the market does. However, these apartments are likely to be in estate condition and if purchased as "insiders" possibly were NEVER renovated.
Net, there will be opportunities for those who don't mind putting work in...but its not likely to help people who want "move in" apartments.

lizyank - this may be leaving out of the equation the fact that many people older than boomers realized that it is better to grow old in New York - transit, health care, interesting things to do - many moved back from the usual Fl,AZ retirement places to be in New York