Wednesday, February 11, 2009

Baby Boomers and Real Estate Retirement

Retirement Community Home

Retirement Community Home

By Boomeryearbook.com

There is a strong connection between baby boomers and real estate? Earlier on, the baby boomer generation preferred larger houses and having their kids enjoy large backyard playgrounds. But as they are aging and becoming empty nesters, boomers seem to be looking to downsize and downplay additional home maintenance; preferring to spend their time on volunteering, socializing, eating out and other away from home activities. Boomers prefer the convenience of delivery and short travel to restaurants and coffee shops. Thus, the days of boomers living in McMansions is over and they are opting for condominiums, town houses, carriage homes, and no maintenance single-family dwellings. Apart from low maintenance, boomers are also considering safety as a prime real estate motivator.


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