Saturday, August 07, 2004

Baby Boomers interested in adult communities

RISMedia reports that there is "...a nationwide trend of baby boomers (those who are now 40 to 58 years old) and older adults who are buying into active-adult communities even though many of them aren't ready to hang up their business suits for good."

Tired of paying for and maintaining their current residence, or desperate to escape from cold climates, these baby boomers are turning to the next phase of their real estate life! Many baby boomers have significant appreciation in their current residence, which they can turn into money to purchase a very nice home in an adult community. There are not "retirement" communities, but rather communities that afford an easier lifestyle (as far as maintaining the home) and an active lifestyle with a concentration of people in a similar situation.

To read the entire story, go here.

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