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0 pointsmikestew3y ago0 comments

boomers are going to start...

Whatever the Boomers are going to start doing, the majority of them have probably already done it. I'm the last of the Boomers, depending how you measure, and typical retirement age is single digit years away for me. The first of them started whatever they were going to start doing close to fifteen years ago.

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5 comments · 3 top-level

dwater3y ago· 2 in thread

Then the next major milestone for the early ones then will be assisted living and death, both of which will free up homes and other assets.

mrguyorama3y ago

The big trick is that a lot of systems right now for older folk are built around taking over legal custody of their home, as payment for end of life care or for living money because boomers didn't save for retirement. I don't think we are going to see boomer housing turnover to younger generations. The boomers broke basically every system and process designed to let the next generation get on their feet.

wollsmoth3y ago

maybe not via inheritance, but in most cases these homes will be sold on the market or the land will be redeveloped into other housing.

75% of my neighborhood is old people slowly dying, or moving to retirement facilities.

When I took my two year old trick or treating last week, I got a lot of comments on how nice it was to see kids in the neighborhood again.

wollsmoth3y ago

maybe, my parents are in the middle and they'll probably stay in their house for another 5-10 years I guess.

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