Boomers: 400+ Tips and Hints from the Generation that Refuses to Grow Old

1. History repeats itself for Boomer generation.
2. Fly Away.
3. What If The Mysterious Jane Doe Psycho Made First Contact?.
4. Call of the Whales?

Kirsten wasted no time running off to the League of Women Government meeting. Is it me or does this sound like a group of superheros? Should you get involved with them? My afternoon is a typical one for someone in the 87Percent — college football, blogging, and a long hotel shower. Apologies, in advance, for wasting so much water.

Negative points for a super slow TV remote. By the way, remember to bring your budgets and CAFRs. Please tell me, please! Our loyal Twitter followers have responded with their favorite Seattle eateries. They clearly like their food. Ben McCready recommends Capitol Cider. Ben DeClue does not have a restaurant recommendation but wants you to know he wishes he was going.

You can buy coffee that is not sold in the regular Starbucks stores. If you need to bring home a gift from Seattle, this is the place for the coffee lovers. The roastery is a few miles from Convention Center. Consider taking Uber or bike share. Wild Ginger — If you see Kirsten at the conference, ask her for a restaurant recommendation. Walkable distance from hotels, solid Happy Hour.

They are overpriced and the food is underwhelming. University of Washington vs. Bears — Surprisingly tickets are available. Please leave your suggestion in the comments section below. Strategic Government Resources and ELGL are co-hosting a happy hour of camaraderie with for our members and supporters. A few must reads for the conference:. Mixing in Perfect Harmony with EveryBlock.

Mixing in Perfect Harmony with Angelica Wedell.

Mixing in Perfect Harmony. Seattle is home to a number of transportation options. I prefer getting around via Uber and Lyft. Bike share is a recent addition to Seattle. Light rail is spotty in Seattle but you can use it to get from the airport to downtown. A monorail runs through downtown. I am too scared to step foot on that. Public buses run throughout the city. Enter the bus experience under your own risk and bring a carton of hand sanitizer.

The Westin is the only hotel in Seattle where the President can stay. One of the two dueling piano players went to Willamette University with Kirsten. It could literally rain cats and dog in Seattle and it would have more to offer than Milwaukie. And yes, I know that Milwaukee is home to Harley Davidson. This content is for decoration only skip decoration.

Culture Vultures Posted on December 14, Podcast: However, Boomer retirements were merely postponed. Now that the stock market has largely rebounded and home prices have rising however momentarily , retirees will soon regain their pre-recession confidence and perhaps some of their spending habits. The shadow inventory of retiree homes for sale will thus manifest itself sooner rather than later.

Those homes will be key factors in the elimination of the current rigor mortis in the housing industry. The impending increase in suburban SFR home sales among senior citizens will keep housing prices in outlying bedroom communities depressed, limiting the gain Boomers take on a sale.

This is a story of supply and demand economics that their generation knows all too well. Due to their overwhelming numbers, the Boomers were educated in temporary grade school and high school buildings. They all hit the job market within too short of a time period and salaries dropped accordingly.

When Reagan fired all the Federal Aviation Administration FAA tower traffic personnel, he was able to replace them with equally good and well-educated talent in just a few days. The Boomers began renting apartments simultaneously in the early s, driving up rents and leading to massive apartment overbuilding, which took more than a decade for the market to digest. A similar problem of SFR overbuilding erupted by the end of the s for the same reasons, and was accompanied by a boom in housing prices ending with the recession.

In the late s the Boomers began to invest their accumulating wealth in the stock market, which generated a stock pricing bubble. The ensuing collapse of their financial empires wiped out much of this wealth. Soon the Boomers will begin to sell off a considerable amount of the stock they still retain. Such asset reduction will continue for the next 15 years and kill any movement in the stock market. Current rises in stocks are the result of mere speculation due to historically low interest rates in relation to inflation.

Billions of dollars in cash is currently waiting to be invested when the economy recovers. Historical trends in Boomer conduct will also prove true now as retirees sell their current homes, looking to find replacement properties and live freer lives. The first Boomers to retire, those on the cusp of the population boom, have somewhat higher average earnings and savings than those who will follow.

Consequently, the retirees of will have the most money to spend, and will often have a second or third home to live in or sell. Those retiring after will generally have somewhat less money, and thus less purchasing power upon their retirement. Those who retire later will also have a greater disadvantage due to the competition from other retirees in their generation.

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The homes they sell will fetch lower prices, the urban condos and retirement-community dwellings will be full before they arrive and prices will be rising. The price reduction of large suburban SFRs caused by Boomer home sales will be further aggravated by a corresponding rise in the values of the more desirable replacement homes in near urban centers.

While we cannot predict with certainty which properties will be involved or just where they will be, historical and current trends give us some hints. Homeowners in California do not tend to rent upon retirement, as shown by the first chart above. Moreover, the percentage of citizens owning homes over the age of 75 grew even through the recession, and is currently near its highest level since Homeownership is a well-entrenched habit among the Boomer generation; a fact not likely to change because of increased age.

However, this does not mean retirees remain stationary. Sooner or later they decide to move to a new location that has a better climate or is closer to other family members. With their collective savings and equity, most will have the resources to do so with ease. Retirees have traditionally moved to smaller, more conveniently-located properties that are closer to urban centers.

To complicate Boomer relocation, the younger generation is better educated and more mobile, migrating with increasing frequency to the cities. Their parents are likely to follow. They will be attracted by the increased access to public transportation, the proximity to cultural and artistic institutions and not least important the closeness of their children and grandchildren.

As more senior citizens retire, interest in condos and other high-density residences that cater to the urban lifestyle will increase. Ownership of rental properties, which allow a more flexible and mobile lifestyle, is more cost-effective than ownership of SFRs and thus will most likely also see a bump. The plight of California to be solved by… cities? As retirees begin to relocate, opportunities will arise for real estate brokers and their agents to assist.



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The most directly affected housing developments will be those that cater specifically to the needs of senior citizens. California law exempts seniors-only housing developments from ordinary restrictions on age discrimination. As the demand for senior housing increases, more developers and landlords will take advantage of this exemption. The range in pricing of high-density high-rise housing will also work to separate the more wealthy retirees from the less wealthy younger generation.

Expansion of existing SFRs to accommodate new relatives-as-tenants is another phenomenon that will increase. California legislation has paved the way in this area. In , the legislature required cities to permit the construction of what are generally referred to as casitas or granny flats ; attached, freestanding or over-the-garage apartments with no direct access to the main house.

Casitas are sometimes used by homeowners to gain extra rental income, but they are most often used initially as a new residence for elderly relatives or in-laws. Increased living density will thus be the case not only for cities, but also for suburban areas, which will reap the benefits of a more close-knit and energy-efficient population namely, a better fiber of social, civic and cultural life, and the development of restaurants, theaters, bars, entertainment and specialty shops.

Multi-generational housing is a temporary fix for economic woes. The vast majority of retirees will continue to pursue some form of traditional ownership, as can be seen in the above chart of homeownership rates. As these retirees begin to relocate, opportunities will arise for real estate brokers and their agents to assist them in their transition.

Farsighted hometown brokers will prepare for this migration now, offering relocation services to Boomers who move locally. On the other hand, the impact of the geriatric shift on the sale of suburban homes in California may be ameliorated by emigration. Foremost among these retirement states are Florida, Texas and Arizona. Those with lower retirement pensions may relocate to Mexico. They need to take the opportunity to suggest new residences in retirement-friendly communities where the broker has established contacts with cooperating brokers, and profit from fee splitting for referrals on these relocations.

This influx of new homebuyers coincides perfectly with the beginning of the retirement boom, which will release thousands of Boomer SFRs onto the market. It remains to be seen whether these old, poorly constructed suburban SFRs will be of interest to young homebuyers. Signs indicate that demand, among the young as well as the old, will be for commuter-friendly property closer to the high-skill jobs and urban center culture. It will be up to cities to provide zoning for a denser population, up to builders to create these urban high-rise residences, and the duty of brokers and agents to bring them to market.

People who have seen the growth in the value of their home may discover that selling it may result in capital gain taxes of hundreds of thousands of dollars. In addition, their property taxes may rise substantially if they decide to purchase another home. This may cause them to rent rather than sell their existing home. If so, rents may not rise as fast as home purchase prices. As an alternative, existing home owners may decide to wait until the death of their spouse so that their house can be sold on a stepped up basis. Has the above analysis considered all these factors.

If so, when will the increased number of home sales take place? Projecting current trends may enable this to be determined. It would be unfortunate if elderly people continue living in their homes even if doing so does not meet their needs. This deprives young families from buying a home for their families.

Retirees move real estate

No place in California or anywhere in the nation outside a major city will be safe anymore. One of those fires is covering more than square miles of more than , acres. There are plenty of fires in major cities but they are quickly stopped from spreading throughout the city because major cities include dozens of fire stations with a time of less than five minutes for any firemen to get to a fire. Contrast that with fireman outside major cities which can take up to 30 or more minutes to arrive at a fire and often times only one or two fire stations.

Then you have got nothing but dry grass and trees which sparked up is like having a home made bomb. And this has been going on for at least 5 years now as the weather has changed. After you get burned out twice, as some of my friends have, you no longer ever want to live outside a major city. You move outside a major city at your own risk and do not plan on keeping any valuable or personal possessions inside a home when you live somewhere in the boondocks and be prepared to get the hell out of there at a moments notice even at 3 a.

Retires are going to realize that they may not be living in the most ideal place in a city but it is a lot more secure and so they will not move. Of course, I have a monthly pension that will pay all the bills and continue to grow our IRA nest egg which is a healthy and considerable sum. We plan to travel and invest in rental properties using a self-directed IRA to diversify our investment portfolio away from the volatile stock market.