Monday, July 7, 2014

Time to downsize? Not for baby boomers

In an edited interview, the director of strategic planning for Fannie Mae's economics group said that though such a wholesale change probably is inevitable, boomers these days show little inclination to leave the single-family home lifestyle that, to an extent, has defined their generation:

Q: Isn't there a general story line that boomers hit 65, become empty nesters, look around at the unused bedrooms that the kids once occupied in their houses, and announce that they're paring down to a smaller space where somebody else will handle the maintenance?





A: Yes. There's a perception, particularly in many media reports, that this massive generation born between 1946 and 1964 is altering its "housing consumption." It's true that they're becoming empty nesters in droves.




DOWNERS GROVE REAL ESTATE
Baby boomers not ready to downsize - chicagotribune.com
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