Unlock Your Business's Profit Potential with the Momentum-Maker Mastermind

If you are a small business owner who wants to take your business to the next level, increase your impact, and income… Join our Next "Momentum-Maker" LIVE Session FREE

The Next Live Session is on: March 8th @9:45 AM (Pacific Time)

Our Services

Kirk Jaffe Enterprises, Inc. has multiple services for home buyers and business owners.

Make us your preferred solution for home and commercial real estate.


We offer the most competitive rates and excellent service beyond closing. Guaranteed! PRO.


We offer guidance to real estate professionals, tax professionals, lawyers, and CPA's.


Are you ready to grow your business to
the next level and beyond. Kirk has helped hundreds of businesses and
can help you get there faster.


Our proven track record in solid investments has help hundreds and could help you too. Ask us how!


Kirk Jaffe, CEO/Founder – Executive Management of $200MM private investment fund including Mortgage Notes, Real Estate Owned (REO) and Commercial Property Holdings. He has overseen and held executive authority of over 20,000 real estate transactions in his 20-year real estate career including buying and selling of property, foreclosure, short sale, loan modification, rehabilitation of property with an aggregate over $1 Billion value. Kirk has also originated over $ 1 Billion of new Mortgages.

Kirk is the past President of the Universal City/North Hollywood Chamber of Commerce as well as a former co-chair of the ALFN Commercial Practices Committee. He is active as a speaker and moderator of several trade organizations including the CA Mortgage Bankers Association (CMBA), Mortgage Banking Association (MBA), and the Attorney Legal Financial Network (ALFN). Mr. Jaffe is quoted or has been a guest of several media outlets including: KABC790 Talk Radio, NBC and the Los Angeles Daily News to name a few.

Kirk Has Appeared On:

How Can We Help

You Today?

Start Quote

Change Plan


Let Us Know What You Need!

We custom fit every service to your personal business needs. Whatever it is, we have a solution. Just click the button below to get assistance today!

If you're looking for a firm who can help you with not just your mortgage, but help you GROW YOUR BUSINESS FAST... you're where you should be!

    We offer Custom Tailored mortgages for Home or Business!


    Grow your business FAST with our Business Consulting Services!

    Our win/win approach to investing has helped hundreds. FIND OUT MORE!

    If you are a real estate professional and are ready to work with a partner with years of experience, you're in the right place.

    If you have questions about the potential legal implications of real estate transactions for your clients, Kirk Jaffe has the answers!

1 / 5
2 / 5
3 / 5
4 / 5
5 / 5


“What a GREAT guy Kirk is! I highly recommend him and his services all the time and for my own home loan needs. Why would I say that as a Broker myself? Well as a Buyer and a Broker I cannot have my hand into many aspects of the transaction, so I trust Kirk with my financing needs he has yet to let me down! "

Steve Duncan

"Kirk is my go-to lender. He has worked many “miracle situations” and provides top notch service from start to finish...."

Jeff J. Grice

"I have known Kirk Jaffe for many years. Kirk has a stellar reputation. You can see his reviews by going to www.mycity.com/profile/kirk-jaffe."

Bob Friedenthal

"When I need any information regarding the Real Estate Financing space for a client, my first call is to Kirk Jaffe. He is knowledgeable, professional, and experienced. He stays on top of cases and follows up with clients. He is a true asset to my business."

Bruce Fine

"Kirk works hard and well day and night, a kind person and gets it done fast!"

Melissa Oppenheimer

"Kirk did a fabulous job. He walked me thru the process and it was incredibly easy compared to other mortgages I've done. Thanks to Kirk, my house closed in under 21 days, and he got me a great interest rate."



Because we offer the best service at affordable rates and will help your company grow faster! Click the button or
CALL US AT (775) 415 - KIRK (5475)

blog image

Empty-nest baby boomers won't give up their large homes — and it's hurting millennials with kids

January 24, 20244 min read
  • In 2022, baby boomers owned twice as many large homes as millennials with kids, Redfin reported. 

  • Boomers have little financial incentive to downsize as millennials struggle to buy.

  • Land-use, tax, and other policies need to change, and many more homes need to be built, experts say.

Baby boomers whose kids don't live with them anymore are clinging to their large homes, making things worse for millennial families looking to settle down, a new Redfin analysis found.

In 2022, empty-nest boomers owned 28% of homes in the US with three or more bedrooms — double the 14% that millennials with kids owned, Redfin's analysis of Census Bureau data found. There's no city in the country where millennial families owned a larger share of big homes than boomers did.

It's just more evidence of the massive advantage boomers have over millennials in the housing market, as prices have soared, mortgage rates remain high, and a shortage of homes persists.

Many boomers bought their large homes decades ago, when they were much more affordable, even trading up for bigger houses later, Jenny Schuetz, a housing-policy expert at the Brookings Institution, said.

More than half of boomer homeowners didn't have a mortgage in 2022, and among this group, median monthly housing costs were just $612, Redfin found. That's much lower than the country's median monthly mortgage payment of $2,199 — giving empty-nesters plenty of reason to stay put. Boomer homeowners with mortgages have locked in much lower rates than they could get now.

"They have no financial incentive to move," Schuetz said. "They're consuming a lot more house than they really need, but it doesn't cost them very much."

Millennials with kids, meanwhile, are being locked out of the homes they want or need. Some are forced to move out of cities and into much-farther-flung suburbs than they'd ideally live in. Others simply can't afford to buy and are increasingly burdened by rent.

Most states also have a property-tax system that incentivizes homeowners to hang on to their property for as long as possible. Many have fixed property taxes that don't increase as the value of the home rises.

"Baby boomers are a very large demographic, and they vote more than millennials do," Daryl Fairweather, Redfin's chief economist, said. "That political landscape has allowed for there to be a lot of laws passed that benefit baby boomers who own homes. So things like property taxes carve-outs or exemptions for seniors — those are voted for by seniors who benefit from those laws."

On top of the affordability crisis, decades of restrictive zoning laws and other regulations have made it illegal in many places to build condos, apartments, townhomes, and other smaller homes boomers could downsize to. And the new apartments that are being built largely cater to younger households, Schuetz said. So many older homeowners, particularly those who have lower incomes, don't have many options.

A misallocation of housing

Not all boomers living in large homes are the same. More-affluent older homeowners, Schuetz said, can afford to downsize but have no financial incentive to, while lower-income homeowners often can't find affordable options in their communities.

"Most of the smaller units are new construction, and they're more expensive," Schuetz said. "So those are the ones that, from a policy perspective, I worry about more because they would like to move, and it could be better for them, but it's going to be just difficult to do that."

When aging empty nesters stay in large homes, it isn't just a misallocation of the housing supply but also often a challenge for them. As people age, they need homes that are more accessible and easier to maintain. Large homes often have multiple floors, yards, and other features that make them trickier to navigate for older people.

"There are baby boomers I've met who have two-story homes that they never go to the second story of because they can't go up the stairs anymore," Fairweather said.

Neighborhoods that tend to have large homes are often not walkable or accessible by public transit, so older folks can suffer from social isolation as they drive less, Schuetz said.

This problem is quite new. Even just 10 years ago, young families were as likely as empty nesters to own large, multibedroom homes, Redfin found. But it's been a long time coming. Decades of exclusionary housing policies and demographic shifts have created a crisis that researchers have been warning about for years.

Schuetz said there's not a dearth of large homes in the US. Instead, there's a mismatch between large homes and occupants who don't need them. But many more family-size apartments and other homes will need to be built to make up for the lack of large homes on the market.

It won't be easy to dig the housing market out of this hole. Fairweather said it would take eliminating zoning laws that require all homes to be single family, reformed property-tax laws, and subsidies to help get older folks into denser communities. Schuetz agreed that either increased property taxes or some sort of wealth tax could encourage wealthier boomers to downsize. But many of these policies are political third rails.

For now, millennial parents will have to settle for smaller, more-expensive homes.


Baby boomer housing trendHousing market analysis 2022Empty-nest boomers impact on real estateMillennial housing challengesRedfin Census Bureau dataHomeownership disparity between generationsBoomer advantage in the housing marketAffordable housing crisisMortgage rates and housing marketProperty taxes and homeownership

Kirk Jaffe

Back to Blog

Connect With US


Need to reach us? Send us an email or give us a call today.

Kirk Jaffe Enterprises, Inc.

195 Highway 50, Ste 104-476

Stateline, NV 89449

Copyright 2024 Kirk Jaffe Enterprises All Rights Reserved