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TRENDS: THE BABY BOOMERS' BLAST

NEWS for BABY BOOMERS ALFA  produces the most authoritative and comprehensive publications and reports on assisted living, as well as important market research studies

SO! have you heard?  GOOGLE is going GREEN. They have chosen one of my favorite architects in the entire world, William McDonough. You can expect amazing news on that front.  Daily, such eco-nomically friendly news impacts trends in the real estate market.  I've written about this for what seems like a cyber-time dinosaur's age.  baby boomer heads to Ashevile, NC prime real estateAND!   What else is NEW?

                                            The Baby Boomer Blast
 
HELLO! Get ready Asheville's "green" real estate market, the baby boomers are on their way.  They could be getting ready to leave their old nests and fly  your way,too
And they could create business in your neighborhood.  Ah,the  baby boomers...  according to James J. L'Allier, Ph.D. & Kenneth Kolosh in an article for Chief Learning Officer  the "...baby boom generation is a demographic term for the population born between 1946 and 1964."

HOW MANY BABY BOOMERS? At least 82,826,479  lively souls ( remember they were the Flower Children of the 60s  and Valiant Viet Nam Vets)   will start their "un-retirement"  almost any day now.

What does the Baby Boomer Blast mean to real estate professionals across the country? To me it means life stories waiting to be told, with  many, many  happy closings.You probably already know this, but possibly it bears repeating: The Congressional Budget  Office says, "... baby boomers typically have higher income. . .and have accumulated  . .. private wealth. "

3 Questions to Ask Yourself:              

  1. Will Baby Boomers stay where they are?
  2. Will they look for second/vacation homes?
  3. Where will they go, these  shining "relics" with powerful means and an eye for creative pursuits?

                                                                                                     "Hello!"

My predictions:

  1. Baby boomers will blast into areas that offer an attractive quality of life and a relatively low cost of living.
  2. They will live, at least part of each year, in beautiful cities and towns.
  3. They will bring their "live free or die" attitude and their wisdom to a community, and you will see them not only on the golf course, but at city council meetings and at the art supply shop.

One thing I know for sure, wherever Baby Boomers choose to live they will have a huge impact on those communities, driving everything from real estate prices to our real estate livelihoods. Many of our "baby boomer" clients already have come here to Asheville, NC. We love working with them. They acquire fantastic high-performance properties and tell us great stories of their adventures from which we all learn.

I am wondering what your experience is if you live and work around Phoenix, Scottsdale, Northern California, The "Third Coast"  and Florida's coast ... But I am wondering, too about the  many small, highly desirable cities, like Asheville.

Tell me about your predictions and experiences.

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Comments

North Carolina is beautiful and the winters are mild but they have 4 distinct climates. The Del Webb facilities here in Illinois are going strong as baby boomers want to stay close to their grand children.
Posted by Randy Lyon (Kettley and Company) about 11 years ago

I'm ready for them baby boomers to head my way. Dixon, CA is a great place to live. It's near the American River, a bunch of outdoor recreation nearby and lots of shopping. I'll be tracking your predictions. =)

Posted by delete me delete me (delete me) about 11 years ago
Foreclosures in Michigan all across the state is the answer - everyone is a real estate investor from the baby boomers to the actual babies lol 
Posted by Keith Stonehouse, Franklin Title Agency (Franklin Title Agency, LLC) about 11 years ago
I think many people are getting ready to move...and I see it for myself in the not too distant future.  Funny that someone mentioned Del Webb, I have been hearing about them for years;Riverwood in Ponte Vedra is what I would look into---before I would have to choose another place :)  But they give you a lifestyle and I think that's what many baby-boomers are looking for.  I'll have to come back and check and see what others are saying....
Posted by Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher (Feng Shui Manhattan Long Island) about 11 years ago

I do not think Florida will be the hot spot as years past..Too many issues with taxes and insurance/hurricanes/declining values . Boomers arent wanting to be in a secluded retirement community- they are seeking adventure and diversity.

 Myprediction is that NC will be the most attractive and affordable. NC offers a vast variety of lifestyle with mountains in the west and coast on the east. This seems to be such a favorable environment for those looking to get some traveling in. Forbes just voted "The Triangle #1 for Best Place to Sell a Home "and winner of "Best Place to Build a Career or Business ".

Alot is happenning in NC and boomers are wanting to stay busy with options.....of course, we welcome them open armed!

Posted by Michele Connors, Your Eastern North Carolina Realtor (The Overton Group, LLC Pitt & Carteret County) about 11 years ago

Randy~

So I am understanding that despite the miserable , cold, L O N G winters...the folks who live in Illinois will probably stay there. . .at least for part of the year.

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago
There is one thing for sure, the Baby Boomers are not slowing down -- just changing how they live.  Threre are a lot of active living condominium communities springing up all over southern New Hampshire.  Part of the reason is that the snow gets to be a real challenge in the winter -- then there is fall clean-up -- and spring clean up.  Others live part of the year in New Hampshire and the other part of the year in Florida!  I think there is a strong market with  Baby Boomers --
Posted by Joan Whitebook, Consumer Focused Real Estate Services (BHG The Masiello Group) about 11 years ago

Rondel~

AHA! I had to find out just where your Dixon is. So I hopped on over to Google (which I am sure you have heard is going GREEN) and found this. I discovered that Dixon is just west of Sacramento, and just east of the Napa Valley. . . I hope you will write a post for Localism.com about your town. It sounds like an interesting place.

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

I agree with Keith about the foreclosures in Michigan creating great opportunities for investors. There are also many bargains for developers. From New Buffalo on the most southwestern point of Lake Michigan to Petosky and beyond Michigan is experiencing growth and development -- it is just taking a backseat to all the negative publicity we receive over here! Speaking with some of these new homeowners they are looking for just what you are predicting. Along with the low cost of living they also desire comfortable and beautiful surroundings and a somewhat simpler life -- modern conveniences at yesterdays pace!

Great post JaneAnne!

Posted by Mary McGraw, 2015: Solar Energy Is Still A Simple Machine! (GLREA) about 11 years ago

Keith~

Please tell us more about foreclosures in Michigan as they relate to Baby Boomers. . .in a potentially positive way, that is.

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Carole~

Interesting point you brought up. .. Baby Boomers seeking a lifestyle. I want to read more comments about this.

 I have heard of some un-retirement people choosing Asheville because the freestyle advantages...cultural, educational , and great locally grown-food. .. but this is not "planned" it just "is". . .Also,I wonder if THIS generation of 60-somethings will go for that given their vocal involvement in the 60s.

 let me know what y'all think.

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Michele~

You commented. . ." Boomers aren't wanting to be in a secluded retirement community- they are seeking adventure and diversity. " And so we have another opinion on the flavor of a trend that is about to impact real estate professionals. I am anticipating what other folks will think about this...

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Joan~

You pointed out that "active livingcondominium communities ". . .and second/vacation homes options for Boomers living in the wintry climes.  Tell us more about the active living condo communities. What would "active living" look like?

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Mary~

When you commented that the Boomers are seeking . "comfortable and beautiful surroundings and a somewhat simpler life -- modern conveniences at yesterdays pace!. .. " you added another "flavor" to be considered.

I am happy to get your news of re-development and positive markets on the rise in Michigan!. .and would love to hear more about downsizing and what you have to say about that, too

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago
You are not only blogging to me as a member of ActiveRain, you are blogging ABOUT me!  Yes, I'm a product of the '60s, graduated from Berkeley...the whole 9 yards.  And, what did my husband and I do  in 2005?  We moved to Lake Norman NC for LA and have never looked back.  I would say about 90% of my real estate business here is relocation/retirement.  Not just retirees but families looking for good schools and a quality of life they couldn't find elsewhere.  Most of our "transplants" come from NY, NJ, Florida, Ohio, Virginia, California.  I have had my SRES for years but have found that most or our incoming buyers are not yet ready for the 55+ communities and still want to live by the lake.  However, the builders are focusing on creating for 55+ communites around the lake which I think is great for the future.  I LOVE Ashville.  Maybe I can meet you sometime when I'm there!
Posted by Diane Aurit, Lake Norman Real Estate (LKN Realty, LLC) about 11 years ago
JaneAnne its so true that boomers will relocate in the next 10 to 15 years. Their impact is tremendous and yes I am a boomer to. Nice piece you wrote there I told wife we will go to visit Asheville this fall. I heard so much about it I can taste it. 
Posted by LLoyd Nichols, SW Florida Homes (Premier Florida Realty of SWFL) about 11 years ago

Diane~

Great comment! Thanks! It is amazing to read your story. I don't know if it is a story with a "happy ending" YET...y'all still may want a second/vacation home in the Asheville area mountains (I'm smiling) and I know someone who can help you find the "right" one...(I'm smiling again)...

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago
Here in Myrtle Beach we get what are called "half backs".  People from the norhteast who decide to retire down in Florida but then realize it's not for them...then they find Myrtle Beach, half way back...
Posted by Amy Whiffen, REALTOR - Myrtle Beach Real Estate (RE/MAX Southern Shores) about 11 years ago
Congrats on your feature! I'll be back later to answer your questions!
Posted by Mary McGraw, 2015: Solar Energy Is Still A Simple Machine! (GLREA) about 11 years ago

An article I just read says that many Baby Boomers will choose to change jobs but not retire... move to a more local position to spend more time at home and at play rather than at their travel all the time position.

Unfortunately, few companies are looking to retain or recruit senior employees citing cost issues... being that there is a COST to forfeiting experience in place of youth, it does not make business sense

On the real estate and mortgage side, we're looking at people who will know the value of the dollar when they "retire"... they won't be looking for the cheapest on the block but for value.

Many of them are going to be looking for slightly different destinations than the generation ahead of them

It looks like it will be a wild ride as the first batch of them start working from home, scaling down on hours, and investing in 2nd homes where they can relax.

Posted by David A. Podgursky PA, THE PODGURSKY GROUP - Make the Right Move! (THE PODGURSKY GROUP @ Re/Max Direct) about 11 years ago

Well, you asked to hear from Northern California, and here I am, a baby boomer and all, and featured on the same day as you! Congrats! I could write a whole blog about this, and may do so, but wanted to respond to you since you seem so keenly interested in this subject.

I think many baby boomers will stay put in the same old house they've lived in for 20 years. In California, we boomers have a low tax base, have just finished putting our kids through college, and live in a place that has a great climate, and amazing amenities. Most outsiders would never consider retiring here...TOO EXPENSIVE. Yet we have the ocean, the redwoods, San Francisco, the wine country, Tahoe, and LA an hour away via Southwest. Those that did move away from the Bay Area came to regret it, but couldn't move back due to the escalating prices. I won't be making THAT mistake.

With all this fun stuff so close, we would still like to get away, so a second home is on the agenda. Mine was purchased 10 years ago on a lake 2 hours away.Lots of other boomers have done this as well. My baby boomer husband works hard all week, then goes there to wakeboard. My son calls it geezer wakeboarding.

So what I predict is a pre-retirement phase lasting from maybe 55 to about 70. This is when we will spread our wings, start a business, travel, get to know our grandkids, take on a new hobby, host family events, and hang out with friends that can relate to the crazy ground breaking trail blazed by us Boomers. In short, we're gonna have a helluva lotta fun.

Maybe at 70 we will be ready to move out and slow down. But until then, we don't need to move away to get away.

Posted by Janet Guilbault, San Francisco Bay Area Direct Mortgage Lender ( Guild Mortgage) about 11 years ago

Well, I'm one of those baby boomers and have long term plans to split my time between the beaches of Costa Rica and a condo in the San Diego area where I expect my future grandchildren to be living. 

Still have a few years left here in Orange County, CA, but am actively looking now to purchase a pre-retirement condo in a beachy tourist area of Costa Rica, that can be rented until I'm ready to spend time there.

Posted by Vicki Lloyd, (619)452-9798, Real Estate San Diego California (The Lloyd Realty Group) about 11 years ago

Hi janeAnne, another "popular" post and I'm coming in late. Sorry about that, but I'm here now.

Baby Boomers is my "specialty." I consider my self one of them even though the generally accepted definition puts me a couple years ahead of them. All of us born during WWII were part of the immense population bulge moving through history.

You didn't include San Diego and other parts of Southern California in your list of destinations for retiring Boomers but I think it will be one of the biggest beneficiaries of this migration. Especially our desert areas.

Other than that it was a very good post.

Bill Roberts

Posted by Bill Roberts, "Baby Boomer" Retirement Planner (Brooks and Dunphy Real Estate) about 11 years ago

Woo Hoo - way to make Miss Green-O-Lina's Day, huh?!?!?!??!!?

Love the "live free or die attitude" reference - that's New Hampshire's state motto!

Ann

Posted by Ann Cummings, Portsmouth NH Real Estate Preferrable Agent (RE/MAX Shoreline - NH and Maine) about 11 years ago

JaneAnne,

Google's new digs will be "1 million square ft of office space", wow, I'm glad that project is going green!  What a fantastic opportunity for William McDonough.

Posted by Sue Argue, NH Home Stager (Staged First Impressions) about 11 years ago

We are seeing something intresting here in Summit County Colorado AKA ski country usa. Retiring Baby boomers are spending 6 months of the year here and sometimes christmas too. However we are seeing the later 70's and up selling because of the winters. The exception to that is in full service condos where they do not have to do anything.

 

Posted by Jason & Deanna about 11 years ago
I know they want out of Florida and I am hoping they will fly to you janeAnne
Posted by Susan Trombley, Broker/Realtor, Raleigh, Cary, Wake Forest, Youngs (Trombley Real Estate) about 11 years ago

Lloyd~ 

I look forward to meeting-you and your wife when you come to Asheville in the Fall.
Come for one of our Fall Festivals...

Asheville Art Tours, Festivals & Shows
The Asheville art scene is booming. Each year, more artist studio tours and art shows appear. Here are a few of my favorite  annual Asheville art events. Plan your next trip around one of these!

October 5, 2007: Center City Art Walk
Galleries stay open Friday evenings four times a year to showcase new shows and artists. Walk to 30 galleries downtown. Free.
Go to the Downtown Asheville Galleries Web site.

October 18-21, 2007: Craft Fair of the Southern Highlands
The Craft Fair, held in the Civic Center in downtown Asheville, has been an eagerly anticipated event in the mountains since 1948. The fair showcases work by members of the Southern Highland Craft Guild, with over 900 members throughout the mountain regions of nine states. Members' work must be juried and accepted by a committee of peers, based on quality, design and craftsmanship.
Go to the Craft Fair of the Southern Highlands Web site.

October 19-21, 2007: Lake Eden Arts Festival
Celebrate Music, Discover Community, and Experience Culture at LEAF in a beautiful lakefront setting near Black Mountain (about 12 miles from downtown Asheville). 5 Stages of Folk & World, Bluegrass, Blues, African, Celtic, and jams with headline performers. Handcrafts, folk art, dancing, Poetry SLAM, healing arts workshops, water recreation, and camping. Admission.
Go to the Lake Eden Arts Festival Web site.

 

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Amy~

I had forgotten the term "half-back" until you reminded me of it...it is such a perfect description!

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

David~

Your comment that "It looks like it will be a wild ride as the first batch of them start working from home, scaling down on hours, and investing in 2nd homes where they can relax.. . ." intrigued me. I hadn't added that into my planning for the future...and am very happy you added that to our recipe for success in the coming years...

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Janet~

Upon reading you comment, I went to your BLOG and subscribed. Need I say more?

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Vicki~

You and Janet both brought to mind an interesting, phase-oriented scenario...where there is a pre-retirement period and FUN...and then maybe (around 80??) something a little more sedate...I say  a liitle more sedate...I am thinking today's Boomers will not really be ready to retire until they are in their 90s..YAY-yeah! 

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Bill~

Well! I have to say that your description of the BOOMers as an "immense population bulge moving through history. . ." got me imagining a roly-poly  cartoon character...but I don't understand why Boomers would move to the desert...are you sure you  didn't mean dessert? (just kidding)

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Ann~

I just said to my brokers...I'd like to have two homes...one in New Hampshire and one in the mountains of North Carolina.

Actually...being quite nomadic by nature, I once or twice considered having land in various places where I could erect pole barns with upstairs apartments ...and garages beneath...then I could just pull my RV in and enjoy...but not until I am at least 80!

Until then I will be busy helping gentlefolk make their "un-retirement" homes here in the Greater Asheville area.

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Sue~

I had the good fortune to see the video, The Next Industrial Revolution...and to meet the producer a few years back. After seeing that video, I felt the zephyr of inspiration. William McDonough...who follows his mentor, Thomas Berry's ...and that of my hero, Pierre Teilhard de Chardin.. .shines in this video.

I am SO glad you know who McDonough is...and thanks for highlighting him in-your comment. His concepts are at the root of genuinely high performance living spaces.

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Jason and Deanna~

Now your mention of "full service condos" intrigues me. I think that Ines has been writing about them...and I would like to know more a bout them and how they might work for the market...and what market would that be?

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Susan~

Seems as if Florida has been experiencing all kinds of challenges. My grandparents had groves their ...now where subdivisions grow...and I remember the natural beauty and the scent of citrus blossoms in the air...Yet...many folks who WANT to move to the mountains...are having a difficult time selling properties in Florida, as you suggest.

I am going to ask our FL AR-folk about this...

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

janeAnne, When we say the desert, we are talking about the Mojave Desert. It includes the Low Desert with places like Palm Springs, Palm Desert, Rancho Mirage, and Indio. Then there is the High Desert which includes the dynamic and bustling Antelope Valley and everything else all the way to Lost Wages (oops I mean Las Vegas). And Arizona has part of the Mojave Desert also, they just don't know how to spell it.

Thus desert is going to be the home to a lot of Baby Boomers, just you wait and see.

Bill Roberts

Posted by Bill Roberts, "Baby Boomer" Retirement Planner (Brooks and Dunphy Real Estate) about 11 years ago

Bill~ 

I LOVE the High Desert! As I consider all the places I would like to transplant myself...this is one of them. I have to agree with you...lots of Boomers will be heading your way. That brings up the question of supplies of H2O.

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago
Active living, second homes, seniors do not want to be shuffled off into eating applesauce.  We here in Gold Canyon  Arizona see a lot of retirees who are super active.
Posted by Bob & Carolin Benjamin, East Phoenix Arizona Homes (Benjamin Realty LLC) about 11 years ago

Bob & Carolin~

You commented, "...seniors do not want to be shuffled off into eating applesauce..." That makes me remember what someone told me recently that 65 is the new 45... it also makes me think that these
New 45s may want to live in places that engage them... so for real estate professionals...maybe we should be looking at THAT market... 

I think I will gather a few examples  to see what y'all think. ..

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

I'm a Boomer in Costa Rica, and loving it. You can get all the adventure, fun or relaxation that you want, and depending on where you live, speak Spanish, English or something else (my immediate neighbors are French, Norwegian, Canadian, American and Swiss).

If you're looking to downsize your budget, Mercer Human Resources Consulting's 2007 International Cost of Living Index puts San Jose, Costa Rica in 138th place out of 143 cities, with an index of 60.5 . First place, Moscow, is most expensive with an index of 134.4. New York's index is 100. Miami's is 85. According to Mercer, Costa Rica is cheaper than Mexico, the Dominican Republic, and even Panama.

If you're interested in some fun, or even just in a real estate market that is going up, Costa Rica has its charms for Boomer Nation.

Posted by Robert Irvin (The Oaks Tamarindo) about 11 years ago
I am a Boomer and lived in Europe for years, but as I got older, I ended up back in sunny Florida! Boomers love Florida - let's face it, as we age, the sun feels good on those bones!!!
Posted by Billnulls Blog Florida Realty Professional, AHWD (Charles Rutenberg Realty) about 11 years ago

Hawaii is Hawaii....boomers, newcomers and all sorts come year round all the time. I mean....paradise...what can I say?  So when are you coming?

Posted by Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE (Liberty Homes) about 11 years ago

Very insightful post!

I also love the baby boomer picture, perfect!

 

Gabe Swinney 

Posted by Gabe Swinney Asheville New Urbanism (Gabe Swinney) about 11 years ago
I can only hope they head for Florida! If they do, might I recommend St. Augustine(The Oldest City!). Lot's of history, culture, friendly locals, activities galore and miles of pristine sugar sand beaches! :) :)
Posted by Joe Sampson (Exit Realty Experts) about 11 years ago

Most seniors do not want to move at all, they want to stay in thier homes. 

As baby boomers age, many of them are opting for the new FHA programs that stop mortgage payments, and tap into thier home's equity.  The most popular is the FHA HECM

Recently I had the pleasure of helping a lawyer stop the mortgage payment on his $950,000 home, and helped turn his home equity into a credit line so that he has access to cash when he needs it.

TIPS FOR REALTORS

-The FHA HECM can be used to get equity out of a first home to help finance a second home.

-HECM programs do exist to stop mortgage payments on a second home.

For your free DVD on FHA HECM programs that can help you grow your business offerings contact TED BUTLER today at 1-866-665-5497

 

Posted by Ted Butler, HECM for Purchase Specialist (www.hecm4purchase.com) about 11 years ago
82 million- that number is just digesting with me! Think about it -that really means 82 million x2 since the sell and buy! Yowza- I am excited!!!!!  Bound to be thousands considering NC as it is to me the loveliest state to offer 4 great seasons!
Posted by Michele Connors, Your Eastern North Carolina Realtor (The Overton Group, LLC Pitt & Carteret County) about 11 years ago

Hi JaneAnne, I can't comment about the areas that you mentioned but I will say that we are seeing several here.  Actually, I have had a handful of Boomer clients in the last 2 years.  It is appealing because of no state income tax and an extremely desirable property tax exemption...low housing prices....lots of positives.  A couple of my first boomer clients are now considering moving back closer to their children though.

Personally, I would love to live in one of you photos.  :)  Any of them with mountains in the background.

Posted by Stephanie Edwards-Musa, knitwit at thred UP (thredUP.com) about 11 years ago

So Google is "going green".........yawn, what kept them? ;-)

NAR went not only "green" with our new Washington D.C. building but built it on the site of a former brownfield.

TAR (Tennessee Association of REALTORS is unveiling our new "green" HQ building in Washington later this month. Geothermal heat pumps, rainwater collectors for watering landscaping, narrow profile for more natural light, waterless urinals, etc., etc.

Posted by Jim Lee, Portsmouth NH Realtor, Portsmouth, NH (RE/MAX Shoreline) about 11 years ago

So Google is "going green".........yawn, what kept them? ;-)

NAR went not only "green" with our new Washington D.C. building but built it on the site of a former brownfield.

TAR (Tennessee Association of REALTORS is unveiling our new "green" HQ building in Washington later this month. Geothermal heat pumps, rainwater collectors for watering landscaping, narrow profile for more natural light, waterless urinals, etc., etc

Posted by Jim Lee, Portsmouth NH Realtor, Portsmouth, NH (RE/MAX Shoreline) about 11 years ago
I am finding that as many are upsizing as I find downsizing. 
Posted by Marchel Peterson, Spring TX Real Estate E-Pro (Results Realty) about 11 years ago
janeAnne, as usual, too many comments to read them all. Please be gentle with Michigan as my generation moves to NC.  BTW, I retired from my first career at age 48, just waiting for the wife!
Posted by Gary Smith (Agent Marketing Today) about 11 years ago

Boomer in Costa Rica,Robert~

Living in Costa Rica seems to be a dream of many Boomers I've interviewed over the years. Could you tell us a little more about what is attractive in terms of medical care, and services that people of retirement age (75 years old) might consider in their decision-making process?

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Bill and Barbara~

Most of my clients who've retired to Florida tell me that the sunny days and ocean waves called them...I will add to that comfy bones. =) AND...seems to me it could be an advantageous time to buy in Florida. . .

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Sally~

I had lunch at a continuing ed class with a builder who builds here in the mountains of North Carolina but lives in Hawaii. He told me the same thing...it is paradise. I had better get there pretty soon!

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Gabe~ Thanks!

 Joe~ Your description alone--"...pristine sugar sand beaches! :) :) ..." makes me want at least to visit Florida. I totally am in love with St. Augustine. It ranks close to Savannah and third to Charleston, S.C....If I were a Boomer, could I live...everywhere?

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Ted~

Very interesting point you make...most Boomers want to stay in their homes (maybe have a second/vacation home??)  Readers may also appreciate your advice...so I am repeating it:

TIPS FOR REALTORS

-The FHA HECM can be used to get equity out of a first home to help finance a second home.

-HECM programs do exist to stop mortgage payments on a second home.

 

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Michele~

EXACTLY!  82 million x2 since they sell and buy! Yowza. I thought that  was a number worth blogging about myself.

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Steph~

Good information on TX...no state income tax and an extremely desirable property tax exemption...low housing prices....lots of positives...I had a couple (one of my all-time favorite people in the world) who opted for HOUSTON rather than Asheville... I still haven't figured it out (teardrop)...

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago
janeanne, I would have tried to talk them in to having the best of both worlds.  :)
Posted by Stephanie Edwards-Musa, knitwit at thred UP (thredUP.com) about 11 years ago

Jim~

All these that you mention bear repeating--"...Geothermal heat pumps, rainwater collectors for watering landscaping, narrow profile for more natural light, ..." now if we can get just get  Boomers interested in homes that offer the same...

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Marchel~

You commented that many Boomers seem to be up-sizing...I am wondering if you have an idea what is behind their choice to do this? I would love to understand this...maybe tons of grandkids coming to visit? Why not just buy 50 acres and have them learn the joys of camping? =)

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago
I forgot to add.....we live in paradise...they come to live in paradise...but we definitely are ALL downsizing in our older ages....(can't afford much more haha)
Posted by Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE (Liberty Homes) about 11 years ago

Janeanne:  I think a lot has to do with entertaining.  Entertaining both friends and grandkids I guess.  I have been surprised about it but have had it happen several times and then went to a class on generational marketing and he talked about the trend also.

Posted by Marchel Peterson, Spring TX Real Estate E-Pro (Results Realty) about 11 years ago

Florida is still preparing for the Baby Boomers.  In many 55+ communities located in Boca Raton, Delray Beach & Palm Beach you will find that they are revamping the ammenities.  Not only will you have great recreation, award winning golf & tennis communities, but they are adding spas, hair salons, yoga centers, etc.  Then you have the beach, world class shopping, the finest restaurants and entertainment.  Plus you wake up to sunshine everyday! 

And if you want to add a little spice you are only 1 hour away from Miami. 

In Florida when you are 85 years old you are still considered young - go figure :)

Posted by Lynda Facci (Exclusive Estates a division of Scott Gordon Realty) about 11 years ago

JaneAnne~CIMA hospital in Santa Ana,  5 minutes from Escazu and 15 minutes from San Jose, is a first class hospital affiliated with Baylor University Medical Center. I pay cash for doctor visits, which cost about half to a third what they cost in Miami, say $50-60 for a checkup. I go to a dermatologist every six months as a precaution against skin cancers, too much sun when I was young. He is from New York, and is great. From what I've read, major procedures also cost a half to a third what they cost in the U.S. Nursing care is a lot cheaper. While I know this isn't a direct comparison (maybe I'll let you know in 20 or 30 years), my maid charges slightly under $6 a day. There is talk of CIMA opening an affiliate in the booming guanacaste beach area, but nothing open yet, so you need a 45 minute flight for an emergency. Local hospitals, of course, but nothing like CIMA. I know that if you get residence (pensioner status is common), then you qualify for universal health care that is practically free. You can also buy private insurance. I don't think Medicare applies outside the U.S., though. Lots of people come here for elective plastic surgeries that are not covered by insurance.

 

Posted by Robert Irvin (The Oaks Tamarindo) about 11 years ago

janeAnne.

The  Boomers that are choosing Coastal NC as a retirement or second home destination are coming here for the relaxed lifestyle, beautiful beaches, golf, tennis, boating and cultural activities. They are anything but retiring but looking for a vibrant place to LIVE! The Wilmington area does not cater to retirement communities....In fact we have none! It's a homogenous mix of young families, 40 somethings, college kids, baby boomers and retires. Everyone has a lot of get up and go and there's a lot to go to.

People walk around exclaiming.. "Don't you just just love living here!"  Yes!

 Ginger

Posted by Ginger Sala, Wilmington NC Real Estate & Relocation~ (Wilkinson & Associates, Wilmington NC) about 11 years ago
Despite our hot weather, our high property taxes and rising insurance rates, we're seeing a lot of Baby Boomers, and a lot of Gen X and Gen Y buyers here in the Tampa Bay area. It's wonderful in spring and fall, especially. They can spend summers with you in NC and winters here in Florida. Many of them have multiple homes.
Posted by Sharon Simms, St. Petersburg FL - CRS CIPS CLHMS RSPS (Coastal Properties Group International - Christie's International) about 11 years ago

janeAnne, I am late to the party, but know it will bring you back to the top and you will have to answer another bunch of comments all over again!

I am in Summit County, Colorado, a big second home area for Texans, Floridians, and Arizonans, among others.  We have Breckenridge, Keystone and Copper Mountain Ski resorts here.  I guide a group of skiers every winter called the Over the Hill Gang.  You have to be at least 45 to join and most of our members are 55 and up.  We have people in their 80s skiing, and they don't quit unless they have to for health reasons.  It is an extremely active community, and many take bike trips through France and Europe in the summer.  They ride all over the Rocky Mountains when they are here, and there is no relaxing at all!  Baby boomers, at least the ones that live here, don't want to rest on their laurels, they want to have a good time and make the most of life.  When they have to sell up and move closer to kids or to a lower elevation, they do it very reluctantly, as the lifestyle here is incredible.  I think I will have to do a post on OHG as we get closer to winter!

Posted by Joanne Hanson, Summit County, Colorado Realtor (Coldwell Banker Colorado Rockies Real Estate) about 11 years ago

I remember being young (!) and thinking wow, there are so many of us, we will take over the world; well, it has probably happened but not necessarily the way I planned LOL So Illinois people and Ohio people seem to share the desire to stay put if possible, at least in larger numbers than other places. I have had baby boomers buy condos and town homes in my urban area, the empty nest syndrome, but they are more likely (in my own experience, anyway) to be from other states. I get a lot of baby boomer 'lookers' from my own area, but not as many taking the leap.

82 million retiring....except me! I imagine, in 2017, when I officially reach one of the famous retirement ages, I will still be working! LOL

Posted by Carole Cohen, Realtor, ePRO (Howard Hanna Cleveland City Office) about 11 years ago

JaneAnne -  I haven't forgotten!

Downsizing - I'm currently working with a developer who is developing a site condo plan. These homes will be 1000 - 2200 sq foot. Pricing will be amazing - $114 - 130,000 is the goal. This is projected to be a very aesthetically pleasing, gated community. One of the target markets will be retiring boomers. Clients who still want a place of their own but don't want a lot of clutter in their lives. I think it's a great plan that will sell like hotcakes!

Posted by Mary McGraw, 2015: Solar Energy Is Still A Simple Machine! (GLREA) about 11 years ago
JanneAnne, Great post as a Residential Designer most of my current clients are all baby boomer. Along with all the jobs I interviewing for. Your predictions are coming true.
Posted by Eric Hughes, the green home designer (Image Design, LLC) about 11 years ago

Sally~ 

Interesting that you bring up the BabyBoomer downsizing in HA...many people  build 5,000+ sq ft homes anticipating garndkids' visits and family vacations, and then wander around in those empty caverns most of the year. others say   put up the yurts for visitors, and make our BB home subtle, small and elegant...makes me wonder what the future will hold. . .

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Marchel~

Now you have an interesting point...actually your comment flows right into Sally's point...you commented, " ...a lot has to do with entertaining..." possibly that's why some BB-folk are building larger homes...or staying where they are. . .

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Lynda~

I have to say that your contribution..."adding spas, hair salons, yoga centers.." does sound attractive to me... I like the idea of community...and I bet we'd get a big hand count if we asked how many of us also like the idea of relaxing!

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Robert~

I'm not sure of your location in Costa Rica...but the idea of Baby Boomers providing excellent wellness programs for themselves must be attractive to many of them, even if it is outside the U.S.A....You commented, " CIMA hospital in Santa Ana,  5 minutes from Escazu and 15 minutes from San Jose, is a first class hospital affiliated with Baylor University Medical Center..." I'd like to know more about this

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Ginger~

You are bringing up an attractive concept...diversity...(not just one age group behind gates)...I imagine neighborhoods and a lifestyle that calls for living life..YAY-yeah! You commented that your BB-folk  are, "...anything but retiring but looking for a vibrant place to LIVE..." maybe there's something in the salt air, eh?

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Sharon~ 

The choice for second/vacation homes in highly desirable locales does appeal to many of our clients here in the mountains...and the sea to mountain exchange might just work...good point

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Joanne~

You intrigued me with your description of your "over-the-hill gang"...sounds like a diverse group of lively individuals...including YOU...You commented, "...Baby boomers, at least the ones that live here, don't want to rest on their laurels, they want to have a good time and make the most of life..." I have heard that a number of times from a number of locales ...to me, that sounds like a positive and hopeful trend.

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago

Carole~

You know what...actually your comment brought a tear to my eye...you wrote..."...I remember being young (!) and thinking wow, there are so many of us, we will take over the world;..." I have been looking at the BB generation and waiting for a "revolution" a new greening... a new way of being in the world that does NOT include warehousing of old bones...and as I read the comments here...I feel hopeful that this generation will not mindlessly walk in to institutionalized care...they will go out with flowers in their hair and their boots ON!

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) about 11 years ago
JaneAnne - check out Tiffany Wilson when it comes to wanting to know more about Costa Rica.  She has lots of blogs about it.  Also, I am one of those boomers have a booming blast!  I got out of the big city and headed to the North Georgia mountains just as fast as I could go.  I never looked back and it's been the best move I've ever made, that and getting into real estate!  It's good to be a boomer!
Posted by Donna Yates, Blue Ridge Mountains (BHGRE - Metro Brokers) about 11 years ago

Thank God Google couldn't sell out before they got big!!  They've had such a positive effect on the world.

I agree that baby boomers will blast away from family, friends for retirement communities.  Hopefully they won't loss everything in their 401Ks and stocks before they have the chance.  Surely their will be a significant ripple in the market when boomers begin withdrawing from these accounts.

Posted by Evan Little, Eco, Live/Work, Sales and Management (Surterre Properties) about 11 years ago

janeAnne - we have lots of boomers helping to make this a booming area. Their involvement in the community is admirable.

Have you been losing weight? You look thinner in your photo. 

Posted by Sharon Simms, St. Petersburg FL - CRS CIPS CLHMS RSPS (Coastal Properties Group International - Christie's International) about 11 years ago

janeAnne - we have lots of boomers helping to make this a booming area. Their involvement in the community is admirable.

Have you been losing weight? You look thinner in your photo. 

Posted by Sharon Simms, St. Petersburg FL - CRS CIPS CLHMS RSPS (Coastal Properties Group International - Christie's International) about 11 years ago
NEWS for BABY BOOMERS ALFA  produces the most authoritative and comprehensive publications and reports on assisted living, as well as important market research studies
Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) almost 11 years ago

Hi Janeanne:

I think it will be difficult to predict what the majority of the baby boomers will do. I think they will become active in politics in communities the move to if they don't like whats going on. But I also think some will get their families and friends to move with them, especially the ones that have the financial resources to help make this happen.  

 

Posted by Bill Westel, ECO (Eco-Steward Realty) almost 11 years ago

Donna~ 

I want to hear more about the North Georgia Mountains and if you are seeing lots of Baby Boomers in your area...I know a few from SC are looking at GA...tell me, tell me!

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) almost 11 years ago

Evan~

Good point  to consider. You commented on one of the financial aspects involved, " Surely their will be a significant ripple in the market when boomers begin withdrawing from these accounts."...I want to hear more of your thoughts on this and how it relates to real estate professionals.

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) almost 11 years ago

Sharon~  and Bill~ 

You both pointed out the positive  impact Baby Boomers may have on a  community. I am wondering if you think that Baby Boomers will include sustainable innovation in their thinking?...and how that might look. . .

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) almost 11 years ago
Just some of the 80 million plus will head to Hawaii and place demand on the limited real estate inventory.  Right now, there is plenty to sell here, but I think the baby boomers will cause this to reverse by 2010.
Posted by A fraction will buy in high-cost areas... almost 11 years ago
Actually I just read the theory that the boomers will cause a decrease in home values as they massive amounts amounts of them begin to sell their homes in northern/colder markets depressing prices as a greater supply of homes will exist than buyers who want them. I do think many boomers are and will continue to come to the Asheville area as long as land and homes are more affordable here than the markets they are coming from.      
Posted by Bill Westel, ECO (Eco-Steward Realty) almost 11 years ago
We in Arizona are certainly looking to get our share or retirees
Posted by Richard Lecinski (Long Realty Company) over 10 years ago

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