Retirement Real Estate
New home sales fell 8.5% in March, according to the Commerce Department. The vacancy rate for homes is at 2.9%, the highest level recorded since the Census Bureau started keeping track in 1956. Over 18 million U.S. homes were empty in this year’s first quarter. Sound like bad news?
Not everybody thinks so. There are those who believe that the bottom of the real estate market is either here, or will be here soon. The optimists, on whose side Topretirements rests, believe that the mismatch between inventories (still way too high), demand (pathetic), and prices (still too high in spite of very big reductions in some markets) will eventually be resolved and the real estate market will return to equilibrium. (more…)
Posted by Boomer1 on April 29th, 2008
General Retirement Issues
April 21 – You know there is a movement afoot when both the Wall Street Journal and the New York Times offer up features on retirement communities during the same weekend.
The Journal’s article was excerpted from a book by Andrew Blechman called “Leisureville: Adventures in America’s Retirement Utopias“. In it Mr. Blechman wonders why a couple that he is friends with have decided to move to The Villages, the giant active adult community of 75,000 souls near Ocala, Florida. He describes in great detail what The Villages is all about – endless activity at a reasonable price in pretty good weather. In our opinion (more…)
Posted by Boomer1 on April 21st, 2008
Active adult communities
April 15 — Imagine a town where a surprising number of residents have 2 golf carts – and only 1 car. Where the supermarket and high school have special golf cart parking lots. And where 72 of the 80 motor vehicles reported stolen last year were golf carts. That’s Peachtree City, Georgia, one of America’s largest planned communities -a perfect active adult community for many. (more…)
Posted by Boomer1 on April 15th, 2008
Active adult communities
April 9 — For Sequoya, moving into a 55+ community in Yuma was “… boy what a mistake!” Similarly, Kimojimo “tried (a community in FL), lasted 9 months, and couldn’t WAIT to get out!” Yet Bill55, who worked for years for Del Webb, “… met countless people who had no intention of living in an adult community. But for one reason or another they decided to give it a shot and I would see them around the community day after day taking part in all sorts of activities. At least 95% of those people said that moving there was the best decision of their lives!” (more…)
Posted by Boomer1 on April 9th, 2008
Baby Boomer Retirement Issues
April 5 — You’ve heard of the U(na)-Bomber and U-2 the rock group. Now get ready for another U, the U-Boomers. Forbes Magazine recently published an article that differentiates among different sub-sets of baby boomers. The U-Boomers are a huge segment that constitutes about 24 million of the 76 or so million baby boomers out there.
The “U” stands for uncompromising, so U-Boomers are folks who intend to maintain their lofty lifestyle aspirations – but who won’t necessarily have the financial means to execute on those dreams. (more…)
Posted by Boomer1 on April 5th, 2008