10,000 Baby Boomers Turning 65 Every Day For The Next 20 Years

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Real Estate Brokerage with TAG Real Estate Sales & Investments & ON THE LEVEL GC

10,000 Baby Boomers Turning 65 Every Day For The Next 20 Years

To The Tune of 77,000,000.BABY BOOMERS

The trend in our market shows that Baby Boomers will be downsizing to smaller homes, condos, retirement communities, manufactured home communitites and even un assisted or assisted retirement homes.  This transelates to more affordable housing requirements for the most part.

Mc Mansions, will be in less demand albeit there is a viable and ripe demographic for upscale retirement communities with all the bells and whistles i.e. golf courses, bocce ball courts, health spas, nicely appointed dining facilities and even entertainemt venues for plays, concerts and presentations.

Or, as another trend is suggesting, BB's will keep their homes and let family members move into them or rent them out to offset costs and add an "Additional Dwelling Unit" ("ADU") onto the property if it meets local building jurisdiction requirements. This trend seem to be gaining steam and could very will prove to be the next boom for the Manufactured Housing Industry.

 

 

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  1. Charles Stallions 06/07/2012 07:47 PM
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baby boomer housing options
senior citizen housing in san diego
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retirement
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Anonymous
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Rainmaker
268,334
John DL Arendsen
Real Estate Broker, Mfg Home Dealer, General Contr
TAG Real Estate Sales & Investments & ON THE LEVEL GC

Richie, I'm not so sure I think and act much differently than my 5 kids or 12 Grandkids but our mindsets are definitely worth a study. Our generation started out being trendsetters with Gerber to Pampers to Campbells Soups to McDonalds, to Motorhomes to Manufactured Homes. 

We are now poised to lead the economic and financial field for the next 20+ years. Marketers better be watching and listening. We are inded a group to be reckoned with and will no doubt influence R&D, Healthcare, Housing, Banking, the stock market and the retail industry for sometime to come.

May 26, 2012 08:54 AM
Rainmaker
268,334
John DL Arendsen
Real Estate Broker, Mfg Home Dealer, General Contr
TAG Real Estate Sales & Investments & ON THE LEVEL GC

Gail, that's a great point and one to be taken very seriously. That's why I see a cottage industry turning into a major growth industry for the next generation of Real Estate and construction. Thank goodness I'm a RE broker, Manufactured Home Dealer, general contractor and developer. I'm poised to live out my life providing suitable housing for the next 25 years or so. It's a whole new ball game.

May 26, 2012 08:57 AM
Rainmaker
268,334
John DL Arendsen
Real Estate Broker, Mfg Home Dealer, General Contr
TAG Real Estate Sales & Investments & ON THE LEVEL GC

Sandy, It came from my 11th grade highschool Civics teacher in 1963. It really opened my eyes and has made a huge impact on my life every since. But here's a link you may want to peruse for some additional and very useful information on the subject. http://www.usnews.com/usnews/biztech/articles/050314/14boomer.htm

May 26, 2012 08:59 AM
Rainer
65,145
Bianca Marijan
Broker Owner of Independent Real Estate Brokerage
City Brokerage, Hamilton

wow,

from a real estate perspective, a whole new market is opening up. from an economic perspective, a whole lot of people will no longer be working but collecting pensions, scaling down spending. the boomer effect is going to have a huge impact on our economies.

May 27, 2012 08:06 AM
Rainmaker
268,334
John DL Arendsen
Real Estate Broker, Mfg Home Dealer, General Contr
TAG Real Estate Sales & Investments & ON THE LEVEL GC

Bianca, if you really study the situation you will be happy to know that the BB'er's are about the best healed generation and demographic to ever come along in our economy. Take a moment to check the link below out and you will see that there is a greater upside and prosperous potential than a down side risk.

$1 trillion in disposable income annually.

May 27, 2012 08:18 AM
Anonymous
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Rainmaker
268,334

John DL Arendsen

Real Estate Broker, Mfg Home Dealer, General Contr
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