Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Pinochle, shuffleboard and early-bird specials are out. Yoga, happy hours, computer classes and potluck dinners are in.
While advertisers and the media fawn over the lucrative millennial audience, the real estate industry is starting to focus on another segment of the U.S. population: aging baby boomers.
Increasingly, those empty nesters are selling their homes for a nice profit and becoming renters, according to a report on Kiplinger.com. But they’re still young enough to lead active lifestyles and want to live in areas with plenty of options for recreation, instead of traditional nursing homes or senior citizen centers.
I wonder what percentage of renters wish to become tenants so strongly that they actually sell their homes and move to rentals. I've never seen any hard data, just articles similar to the one that the OP posted.
The much discussed progression from single family home to old age housing to assisted living to nursing home to charnel house seems to be attracting marketing people who apparently see an innovative way to profit. They wish to add the rental apartment as the new first step to dotage and death.
As I said, I'd like to see hard data on the percentage of geriatrics who voluntarily trade home ownership for the life of a tenant. It's not voluntary for those whose dissolute lifestyles have made them unable to afford a home.
750 to 2000 square feet for $3400 to $5700 /month rent! No thanks. I live in a wonderful active community (mostly boomers and older) where I OWN a home larger than that for a mortgage payment of half that . You can rent here if you want too, there are entire lakefront homes here for rent for less than that.
And I know it's just me, bet I just can't live in Florida. Not my cup of tea.
There was an attempt to build senior apartments in our community in Ohio and the waiting list was full up, alas the builders passed the deadline for one of the grants and permit. Good question though Happy in Wyoming.
What I like about the apartment building is that it’s part of the larger community vs a planned community isolated and focused on golf clubs.
750 to 2000 square feet for $3400 to $5700 /month rent! No thanks. I live in a wonderful active community (mostly boomers and older) where I OWN a home larger than that for a mortgage payment of half that . You can rent here if you want too, there are entire lakefront homes here for rent for less than that.
And I know it's just me, bet I just can't live in Florida. Not my cup of tea.
Whoa! Economically it doesn’t sense to spend that on rent if you already own your own house. Florida has no appeal for us either.
At 56 I don't see myself able in 10 years to go into some continuing care or even 55+ place - because it seems everyone waits until they are older. I know there can be waiting lists but psychologically I don't want to be WAITING to get older and to need such a place! It's not even the stigma it's just the thought of almost immediately going from working to actively planning for a downhill slide. It seems unfair and such a downer!
I know that I would move in a hot-second if I could find an active community where housing is affordable (under $300,000) and my little dog would be allowed (40 pounds), and it's quiet (no basketball hoops and/or angry dogs chained to a stake), and no children (except visiting).
This is a massive market as us baby boomers slip past 60. I'm almost 59, and would love to find something like this.
Loneliness for older singles is a misery. I've suggested to my friends that we start a commune for lively not-too-old widows. Problem is, finding enough people to make this attainable is tough.
Whoa! Economically it doesn’t sense to spend that on rent if you already own your own house. Florida has no appeal for us either.
Sorry, if I wasn't clear. I didn't mean to own somewhere AND rent there. Just why would one pay that sort of money to RENT a place if you can own something much nicer for half that, or rent an entire luxury home for less than that? That's some pretty high rent!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Florida has no appeal for us either.
