Housing for those of a "certain age"

Once a home owner passes the age of 61 or so, respondents to the Coldwell Banker 2006 Homeownership Survey indicated they would prefer to stay in their current home as opposed to purchasing a new one.  Only 34% indicated they would prefer to move into a smaller home or condo.

Baby Boomers are 70% more likely to own a second home or a vacation home than those in the younger generations.  Of course, Baby Boomers generally have more disposable income to spend on second homes.  Those respondents to this survey who were 42 or older also indicated they preferred a ranch style home.  It seems none of us like steps when we get older.

As we age, one of the important issues is housing.  How to take care of it.  How to make the payments on it (if it isn't paid off already).  How to change housing if that is indicated.  Certainly family and health issues impact those decisions.

Of course, on the bright side, it indicates we have lived long and well enough to have to make those decisions.

8:15 AM - Sep. 1, 2006 - comments {0} - post comment

Write a Comment
Your Name:	RealTown Members: Click here to login
Your E-Mail:
Your Website:
Subject:
Your Comment:
Notifications:	Notify me by email when new comments have been posted to this entry.
Privacy:	Private Comment - Do not publish this comment to the public.
Verification:	To verify that you are a human and not a script, please enter the verification word from the image into the box on the right.

RSS Blog Feed

Categories

Favorite Links

Favorite Blogs