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Many boomers have realized their retirement plans are not sufficient and have turned to alternative investments, such as real estate, to compensate. About 30% of baby boomers have no retirement.
BABY boomers are blocking ways of solving the housing crisis facing the young because they ‘live in another world’, Sajid Javid said yesterday. older people oppose development projects and unfairly accuse millennials of spending on ‘nights out and smashed avocados’ instead of saving for deposits, the communities secretary claimed.
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From 2010 to 2020 we are going to have a large number of baby boomers entering into their retirement years. Many will look to downsize and the projections have been, that this would add a steady supply of housing. Issues like negative equity have kept many potential homeowners from actually.
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The 2000 Census estimated there are more than 78 million baby boomers born between 1946 and 1964 are living in the United States. As this group enters retirement, many economists and market analysts predict how the housing market will be affected. Baby Boomers tend to be the richest age group in terms of real estate, [.]
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Housing squeeze: Baby boomers moving to mum’s retirement village. and Urban Research Institute says people are retiring with more mortgage debt than ever, as a result of dwelling purchases.