Many aging boomers who are seeking a different kind of housing, one that offers maintenance-free living not far from where they've worked and lived.....and....real estate that offers a "lock and go" residence for when they are ready to reduce their work load and increase travel and leisure schedules.
As the specter of retirement and empty-nesting looms large for the 76 million Americans born between 1946 and 1964, these Baby Boomers are hardly entering old-age homes or assisted living facilities. From downtown condos to active adult communities to age-targeted apartments, developers are scrambling to find a housing type that fits the needs of this less than stereotypical graying market.
Over the next quarter of a century, the number of people 65 and older will more than double to 70 million, or 20 percent of the U.S. population.
"But don't call them aging, don't call them seniors and certainly don't offer them early-bird specials," said Peter Dennehy of Sullivan Group Realty Advisors. "They don't like it." For good reasons, he added. After all, this is a generation that expects to work past the traditional retirement age. It's also a group with active, healthy lifestyles that are in turn helping them have even longer and more productive lives.
Source: San Diego Source, October 26, 2006, www.sddt.com/News
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