The great senior sell-off could cause the next housing crisis

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Education & Training with Agape Long Term Care/Agape Real Estate 590513
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Rainer
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Michael O'Donnell
Berkshire Hathaway Home Services Arizona Properties - Scottsdale, AZ
GRI, ePRO, Accessible Homes

Do you think that these stay in play if the aging-in-place modifications are made, or the Boomers turn them into multi-generational homes?

Apr 01, 2013 04:05 AM #1
Rainmaker
489,839
Skip Frenzel
Agape Long Term Care/Agape Real Estate - Campbell, CA

Mike,

Of course it will depend on each individual situation.  In general, most people want to age in place.  If they have a family network that allows that, then multi-generational households will flourish, especially in this economy with foreclosures, job loss, divorces, etc.  This is the way of the future.  Home modifications or even new building that can comply with Universal Design methods allow that to happen.  Plus outside support from Virtual Retirement Villages like Beacon Hill, adult day care, senior centers, meals on wheels, and many more supporting agencies and support, will extend the home stay even longer.  There is a whole science behind this.  REALTORS should be familiar with them.

Skip

Apr 02, 2013 01:39 AM #2
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Rainmaker
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Skip Frenzel

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