Over-55 crowd fuels growing active-adult housing trend

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2 thoughts on “Over-55 crowd fuels growing active-adult housing trend

  1. There are pros and cons to this lifestyle and to each their own. Where I see it being the most attractive option is for seniors who have lost their spouse and want a sense of community, and a low-maintenance lifestyle. But my main concern for this demographic is that the vast majority of them have homes that are paid for, with a good deal of equity and when they rent, they are paying a premium for housing and may find it less affordable than they originally thought. As a baby boomer who is still working I counsel seniors to be aware of the power and value of owning real estate. If they are weary of maintenance they can always find someone to mow the lawn, clean the gutters, and remove snow, and they will save money even paying for those needs in comparison to paying $1800+ for rent. Especially when that cost is increased each year. If they are wealthy, this is less concerning but I have seen folks do this and later have to move due to costs.

    1. +1, luxuries come with a cost. These developers are catering to boomers and elderly people because they have all the money. My 80 y/o uncle in Ohio just sold his house (for less than it was worth) and moved into one of these things. The minute he was sold the dream we couldn’t change his mind.

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