Baby Boomer Degeneration

World War II Plaque
From 1946 -1964 approximately 76,000,000 babies were born during post-World War II and labeled The Baby Boomer Generation. Based upon the average life expectancy of about 80 years, there will be a lot of Degenerated Baby Boomers in the next 10 to 30 years.

In 2013, A Baby Boomer becomes 50 years old every 7 seconds (estimate) and according to The Baby Boomer Death Clock, a USA Baby Boomer dies every 29 seconds.  Fortunately, there are still over 74,000,000 Boomers living the good life.  

In the final decades of the Baby Boomer Generation there may be a combination of moves. Downsizing from a large two story home to a smaller single level home or moving in with an adult child are two possibilities.  As Baby Boomers continue to age, Senior Communities and Assisted Living Centers with various levels of care may become the best alternative.

We know what the future holds for The Baby Boomer Generation,
but as Real Estate Agents and Service Providers are we prepared to embrace The Death Niche?

The Death Niche

Don't look offended or shocked, it's not like we don't occasionally gain a listing as the result of Death.  In the past two years, at least three of my closed transactions were Trust Estate Sales completed by the children of deceased parents.  We are an aging generation and Death is a part of Life.

Death and Dying is Big Business.  Consider the amount of money spent on medicine, surgeries, nurses, doctors, hospice, attorneys, care giving, flowers, caskets, cremation, funerals, mortuary and burial services. 

While family members mourn every death, profits are earned by death related companies.  Each provide a necessary service to enable survivors of the deceased to mourn, complete estate related obligations and to move forward.  

The Death Niche is NOT for Everyone. 

Are you the type of person that's willing to ask for leads from Estate Attorneys, Mortuaries and Hospitals? 

Will you read Obituary Columns and Death Notifications hoping to dig up a few prospects? 

Will you follow an ambulance to it's final destination? 

Will you spend time in Senior Communities watching for signs of weakness?     

What kind of a person are you? 


I don't work The Death Niche and as a Baby Boomer I personally resent it, but as An Experienced Realtor I know how to help a Trustee, when they need it the most.  Sadly, The Baby Boomer Degeneration is coming soon.

 
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174 Comments on Baby Boomer Degeneration

20 Most Recent Comments Displayed Show All

JAN
28
352,277 Points 39 Featured Posts Called Shot Master

Rob, Probate sales must be extremely difficult but having volunteered to handle your Father's Estate says a lot about you.  We have a Living Trust because after handling my wife's Mother Estate we realized how much better it was than Probate would have been. 

Recognizing the needs of others and handling their needs in a professional manner is what we should all strive to do.  Thank you for sharing and best wishes always.

6:15pm • #156
352,277 Points 39 Featured Posts Called Shot Master

Ben, I'm glad you Love The Death Niche.  Good luck and best wishes always.
6:17pm • #157
352,277 Points 39 Featured Posts Called Shot Master

Joetta, I'm not ready to go there either.  ;-)  The only thing worst that going there and closing the transaction is to go through most of the transaction and NOT having it close.  Hopefully, the next Death Niche Transaction will be a more positive experience.  Best wishes always.
6:21pm • #158
352,277 Points 39 Featured Posts Called Shot Master

Hi MaryBeth, No one starts out in Real Estate thinking about the Death Niche, but eventually the Grim Reaper will force us all to learn what it's all about.  The longer we can wait the better.  Best wishes always.
6:27pm • #159
352,277 Points 39 Featured Posts Called Shot Master

Ann, Be careful what you hope for!  ;-)  I was concerned that this post and Title might be the death of me, but I went ahead and took a chance.  The positive thing about reading the obituaries is that you're still around to read the obituaries.  I might do it too, if I still subscribed to a newspaper. 

I'm sure that there must be some truth to that story about the agent with a Black Mercedes in the funeral caravan, and the florist is an excellent place to get death related leads, IF you wanted death related business. 

Stay out of the obituary columns and we just might get a chance to meet someday.  Best wishes always.

6:37pm • #160
352,277 Points 39 Featured Posts Called Shot Master

Steven, Good for you in picking up on that opportunity.  I absolutely intend to focus on a single level floor plan niche in the near future,  and I can't wait too long, because I'm a Baby Boomer.  It's a great future niche!  Good luck and best wishes always.
6:40pm • #161
352,277 Points 39 Featured Posts Called Shot Master

Mel, I can't think of anyone better than YOU to handle the "Old Fellas", sitting in their smelly pee, while you sip a cup of Cinderella tea.  ;-)  Thank you for the lines of wit...I was afraid that you would never quit.  I hope to see you soon and best wishes always.
6:51pm • #162
352,277 Points 39 Featured Posts Called Shot Master

Dear Karen Anne, Yes!  I'll take a compliment any time that I can get one.  Thank you! 

I had no idea that all 74,000,000 of the still living Baby Boomers would be commenting on this post, and I've still got a few more responses to write.  It is hard to respond to everyone when we get this many comments, but like YOU, I do try.  Since I was the one that got everyone excited about seeing Dead Baby Boomers and The Baby Boomer Death Clock, I feel somewhat responsible.  Do you think I should write an apology or a sequel?  ;-)  Thank you for taking the time to make me feel good and best wishes always.
7:03pm • #163
JAN
30
352,277 Points 39 Featured Posts Called Shot Master
Hi Larry, We missed you by Just That Much. Live long and Prosper. ;-)
10:27pm • #164
352,277 Points 39 Featured Posts Called Shot Master
Marte, That agent had a lot of nerve! It sounds like you created a pretty nifty Death Niche System with a gentle hand. Someone has to handle this type of business and it makes sense that it be done by a professional. Is there really anything remaining that should still shock us? Oh yeah! Thank you for sharing and best wishes always.
10:40pm • #165
352,277 Points 39 Featured Posts Called Shot Master
Hi Katerina, It is indeed a good thing to be a Baby Boomer and I'm delighted that you're here for the long haul. I hope you make it to 100 years and get that Special Letter from The President. Who every SHE happens to be. ;-) Best wishes always.
10:46pm • #166
352,277 Points 39 Featured Posts Called Shot Master
Travis, I can really relate to your experiences with friends that have passed too early and a sympathetic personal touch is always appreciated in situations involving death. I'm glad that you enjoyed the sunset video and are taking the time to enjoy a few of your own. Best wishes always.
10:56pm • #167
352,277 Points 39 Featured Posts Called Shot Master
Georgina, Speaking of beautiful sunsets...Maui certainly has some real beauties and I occasionally watch a video of one from our last visit. I'm happy to share any Baby Boomer Boat that you're in. ;-) Best wishes always.
11:01pm • #168
352,277 Points 39 Featured Posts Called Shot Master
Monica, You're right, that's a good point about the kids. I've already benefitted from the offspring of a Baby Boomer buying a home. If I live long enough, I'll be busier every year. Best wishes always.
11:06pm • #169
JAN
31
352,277 Points 39 Featured Posts Called Shot Master

Hi Mary, I can't speak for everyone else, but I NEVER expect to die, at least until the day I do.  ;-)  I've also seen people in their 70s with great health and high energy, but a lot of young Baby Boomers in their 50s act like an 80 year old.  Thank you for commenting and best wishes always.

7:56pm • #170
352,277 Points 39 Featured Posts Called Shot Master

Lora, That title grabbed a lot of people's attention!  What was I thinking?  ;-)  So very true about the downsizing of American Seniors, the wave is building and at some point the Baby Boomers will be moving down in big numbers.  Thank you and best wishes always.
8:00pm • #171
352,277 Points 39 Featured Posts Called Shot Master

Bob, Why couldn't I have been born in The Greatest Generation?  Although they're older, they've got a much cooler name.  We're just a bunch of Babies.  ;-)  As expected, The Greatest Generation is showing us the way.  Best wishes always.

 
8:04pm • #172
352,277 Points 39 Featured Posts Called Shot Master

Gloria, I FINALLY made it down the comment chain to YOU.  I hope you're still waiting for my response.  ;-) 

YOU may not seek it out those transactions, but you most certainly are caring, compassionate and a kind soul.  In my opinion, you're the perfect person to hold the hand of a family member and gently guide them through a difficult transaction.  Besides, I know for a fact that you've done some serious hand holding with your Short Sale Transactions.  Death Transactions might even be easier than some Short Sales.  I'm looking forward to seeing you at the end of February.  Good luck and best wishes always.

8:13pm • #173
FEB
21
359,886 Points 42 Featured Posts Outside Blog Called Shot Master

Richard, I have been remiss in not getting over to your blogposts as-of-late, but you never disappoint! I'm not the least bit surprised that this was featured. GREAT.

I used to be in the long term care business....I had an agent pop into Vernonia Realty on Monday, and he's listed an assisted living community. I had mentioned that I used to be in that biz...TEN YEARS AGO approximately. You should have seen him light up!  He was workin' me bigtime, trying to tell me that I need to contact people, that he would pay a referral fee....yadayada. I told him that I have no connections anymore, but he just wasn't listening. He reminded me of the ambulance chasers way back when...just a new version.

So, what prompted you to do this post?  Had you just closed one recently related to this?
9:00am • #174
352,277 Points 39 Featured Posts Called Shot Master

Gayle, This is TOO FUNNY!  I was just over at your Blog leaving YOU a comment while you were here.  ;-)  WE both felt the need to reach out at the same time.  WE must truly be soul mates or at least true kindred spirits. 

My inspiration for this post was triggered by stumbling upon The Baby Boomer Death Clock and being reminded of many friends whose time has already ran out, and recent transactions which were the result of death.  The post had been sitting in "Draft" mode for a few months and I finally just decided to let it fly before MY Time Ran Out.  After all, I am a Baby Boomer!  Best wishes always.    

9:24am • #175

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