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Are "Baby Boomers" Still Viable Candidates For Home Ownership? Or Will They Be Just As Happy To Become Renters?

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Real Estate Broker/Owner with CREST "BACKYARD' HOMES, ON THE LEVEL General & Manufactured Home Contractor, TAG Real Estate Sales & Investments 521400, 1501015, 01795582

Are "Baby Boomers" Still Viable Candidates For Home Ownership? Or Will They Be Just As Happy To Become Renters?

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10,000 Baby Boomers will be hitting retirement age everyday for the next 15 to 20 years. Many if not most, and I am one of them, currently own large 3 to 5 bdm homes with big yards and lots of ongoing maintenance issues. They're now starting to downsize by the thousands. Anybody have a crystal ball? What do you think all these folks will do for housing for the rest of their lives? I've got my thought but I'd like to get your's before I share mine.

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John DL Arendsen, Broker, General & Manufactured Home Contractor and Dealer 

TAG Real Estate Sales & Investments

TAG (The Arendsen Group) Real Estate Sales & Investments is a full service, one-stop, turnkey, family owned and operated real estate brokerage, General Contractor, Manufactured Home Contractor, Developer, Investor, Property Manager, Interior Design, Engineering, architectural, Landscape design, Expert Witness, Consulting, Curative Title and Troubleshooting company with over 100 years of combined experience in the San Diego real estate sales, construction, design & development arena.

 

 

 

 

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Comments (3)

Brad Rachielles
CENTURY 21 Peak, Ca BRE# 01489453 - Upland, CA
REALTOR, CDPE, Upland, CA

John, As I see it, No rent, No mortgage and No maintenance would be the best of all worlds. Equity to pass on would be great for the grand kids (or great grandchildren) college fund. Downsizing with a cash purchase and with cash producing leasable land to cover taxes plus would likely work.

Oct 11, 2011 04:05 AM
John DL Arendsen
CREST "BACKYARD' HOMES, ON THE LEVEL General & Manufactured Home Contractor, TAG Real Estate Sales & Investments - Leucadia, CA
Crest Backyard Homes "ADU" dealer & RE Developer

I think you're spot on Brad. I started my career in the RE biz in the 60's developing what where then "Mobile Home Parks". I saw first hand what the post WWII generation did. They couldn't wait to sell their home that was paid off, take the cash and buy their RV and the "Good Sam" and/or "Thousand Trails" membership and that little single or double wide mobile that they could call home whence returning from myriad road trips.

I'm not suggesting that there will be a return to that style but I do see a trend towards well planned mid to high end leisure retirement communities that are starting to decorate the landscape from Sun Coast to Sun Coast and many in between.  Thanks for your comment.

Oct 11, 2011 04:37 AM
Anonymous
Shannon Garcia

I would like to help my mom get in to something else just like your talking about. she is 70. Please help direct me in the right direction.

Mar 29, 2012 03:15 AM
#3