Quote:
quote:Originally posted by RJS
If your worried about purchasing a losing asset then position yourself in
the asset that the retiring BBs want in the next 10 years.
Its been predicted that BBs will sell their surburban home for a retirement
setting like rural, coastal, natural and quiet,
This is what Baby Boomers are right doing now (and over the last 10 years). It's not what they will do when actaully retired and grow older and slower. As they age they will have less energy to mow lawns and keep up a large property (and less income to pay someone else to do it). They will have more acute health care needs so proximity to medical care will become more important. The A&E facilities in Tairua are unlikely to match what the average urban center can provide. Their physical mobility will also reduce so urban centers are better equiped to provide public transport and other services that a nice, quiet, rural or beach setting cannot hope to offer. I'd pick those lifestyle assets as something to sell into the current boomer demand. All but the richest and healthiest boomers will be wanting to sell these properties well before they die.