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The flip side of this is that as the baby boomers pass, there's going to be a glut of retirement home communities available - and with my generation probably ne
by BrentOzar 9y ago
The flip side of this is that as the baby boomers pass, there's going to be a glut of retirement home communities available - and with my generation probably never being able to retire, that's going to be an interesting market.
- ianai 9y agoI foresee either a huge market value adjustment (for a long long time) or prices buoyed through immigration.
- sjg007 9y agoGovt subsidies?
- noobiemcfoob 9y agoThe nice thing about retirement homes is they convert into decent apartments.
- closeparen 9y agoRetirement home communities are not so much about the ability to retire as the necessity of receiving medical services from onsite staff. I don't know what it will look like. Maybe being bussed to work every day from the retirement home. But for now, our bodies are most likely going to need them.
- ceejayoz 9y agoThe glut of housing will come with a massive loss in healthcare jobs, though.
- zanny 9y agoI don't get this sentiment. Boomers weren't all born in the same year, right now the "bubble" of US population is 50-60. because they do start dying off after that. But the trick is medical advances are likely to push the 40-50 year olds now (respectively, 50-60s make up 7% of the population while 40-50s make up 6%) to live longer and die slower, meaning they will probably still fit in the currently emerging retirement markets meant for older boomers who are going to die sooner. The difference is 1%, though. Millions of people isn't a small amount, but considering how the country had to adapt before to growing and shrinking classes of population before it isn't going to be catastrophic, and like I said, it is likely the current 40-50 year olds will live longer and fill out the healthcare market for current boomers.
- flashman 9y agoRetirement home corporations are going to end up holding huge real estate portfolios because they'll take boomer houses in exchange for aged and end-of-life care. Wealth concentrates, virtually without exception.
- expertentipp 9y ago> Retirement home corporations are going to end up holding huge real estate portfolios ...then there is reverse mortgage - pay off the mortgage for decades, and then return the property to another financial institution in exchange for better pension.
- Broken_Hippo 9y agoLike others, I disagree. First things first, you have actual nursing homes. Folks generally aren't living there by choice: They are there because they need a good amount of medical care. Some would be better off with assisted living (which is too expensive for most folks) or a nurse visiting a home a few times a day (which isn't nearly as common in the US). Those last options will still exist for folks that have money: I think the home nurse will become more common if the US winds up going toward single-payer healthcare. Again, though, these are in place for folk's medical needs. Our generation might not be able to retire for leisure, but we'll still get sick. The very last sort of retirement community is the non-medical sort. Many of these are simply apartments that cater towards older folks, though a few likely have a kitchen and/or activity areas. In indiana, these generally offered quiet spaces (no children) and discounted apartments if you met the age requirements. I truly don't see these sorts of things going out of style, even if folks are working instead of being in retirement.