Mother’s advice: Do something that services Baby Boomers and you will be wealthy. Well…I don’t think my children listened to me, but what do I know, I’m a Baby Boomer. There are nearly 80 million of us! According to a study by the National Association of Realtors, Americans born between 1946 and 1964 (considered Baby Boomers) own more homes than the national average with 1 out of 4 owning more than one.
The survey shows that 25% of all Baby Boomers are not satisfied with their present homes. That means a good portion may be considering a move. Let’s try to understand their preferences and needs.
Some numbers: 10% of Baby Boomers said they are likely to buy additional real estate in the next 12 months. 66% are considering the purchase of a primary residence, 26% are interested in land, 19% in rental property, 15% in a vacation or seasonal home and 14% in commercial property.
Of those Baby Boomers surveyed, an overwhelming number said that the perfect retirement location is a smaller town or community that offers the following:
• a secure environment
• easy accessibility to quality health care
• a good quality of lifestyle
• easy accessibility to shopping and travel facilities
• stable real estate investment values
• a moderate living climate without extreme weather
• natural beauty of the environment
Baby Boomers are investing in real estate. Where will they buy?
http://www.babyboomer-magazine.com/news/145/ARTICLE/1286/2011-09-14.html
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