Seniors in the Bay Area already have limited options in a tight housing market, and for those in need of affordable housing, the situation borders on a crisis.
Trend forecasters rightfully focus on the housing needs of millennials when predicting the future of the U.S. real estate market. But the rising senior population, sometimes referred to as a “silver tsunami,” suggests baby boomers shouldn’t be written out of the story just yet. https://www.curbed.com/2018/5/22/17380204/baby-boomers-retirement-senior-housing
The senior housing market is changing with the times. For decades, retirement communities were far more likely to be built in warmer climates, so as to avoid uncomfortable and possibly dangerous winters for residents. But in recent years, the industry has seen a seismic shift to areas with more traditional population density, the New York Read more about More Seniors Communities Being Built Near Non-Traditional Places: Where Kids Live.[…]
As baby boomers move out of suburban homes, many are flocking to multifamily rentals, especially high-end apartments in urban areas, according to Mark Culwell, managing director of multifamily development for privately held real estate services company Transwestern. “Everybody realized that the baby boomers were generating as much as 30% of the demand for multifamily products…which has been a little Read more about What the Baby Boomer Wants[…]
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