Boomers and Retirees Suffer Housing Affordability Anxiety.

While it is not yet clear how the new administration will affect the construction and the cost of affordable housing, the nation’s 75 million Baby Boomers are weighing in with housing concerns.

According to a new survey of 1,000 Americans aged 55+ from the NHP Foundation, a not-for-profit provider of service-enriched affordable housing, 30 percent of these older Americans experience anxiety about being able to afford their home at least once a month, with 42 percent of retirees reporting such anxiety at least once daily.

  • When asked what causes the greatest anxiety, 46 percent of respondents said they worry about “the ability to afford desirable retirement living.”
  • Nearly 65 percent of Baby Boomers worry at least once a month about their adult children’s ability to afford desirable housing.
  • More than 10 percent of Boomer parents worry about this at least once a day, with most (64%) concerned about their adult children’s ability to afford rent or a mortgage. Forty-three percent are most concerned about the next generations’s retirement savings.
  • “The anxiety is now multi generational”,  according to NHP Foundation CEO Richard Burns. “So we are working today to increase our stock of affordable housing to ensure that his and future generations are able to afford desirable places to live.”

For more information about the study go to U.S. Daily Review also check out this link for more on the NHP Foundation

 

Author: danswingblog

Dan has celebrated over 19 years as a full-time Realtor. Successfully listed and sold Luxury homes, diversified real estate portfolios. Advises and assists clients with challenging liquidations and purchases. Not uncommon to be working with foreign nationals, buyers that leverage the Sterling, Euro, and similar currency. Dan welcomes the Global community, with friends in many Nations. He brings a reputation for Integrity, Expertise, and Focus. Our customers deserve the best. Currently provides Residential and Commercial B.P.O.'s, Broker Price Opinions, B.O.V's, Broker Opinion of Value to many lenders. Manage and Sells R.E.O., Real Estate Owned properties, distressed properties! Evaluate and negotiate solutions for sellers and lenders. Developed, operated and sold a Florida "AWARD WINNING" Ad Agency! 2010 & 11 Commercial Agent of the year. RE/MAX Paramount Properties. Relocated to Tampa in 2012, enjoyed retirement for 6 months. Saw unethical practices by some Realtors and choose to reverberate our profession in the Tampa area. In four years built his business to as many as four (4) transactions monthly. Mortgage brokers were calling Dan a Superstar in Real Estate. Dan and his wife relocated to North East Florida, to the community of Nocatee. Currently focusing on 55 and older communities and Luxury Real Estate. Successfully closed on many extremely challenging foreclosures, and Short Sale. Coached and participated in Commercial and Multi-Income Family REO's in the past six years. Elected to the Auburndale City Commission in 1986-88. Created and served as 1st Redevelopment Chair in 1988 & 89 personally put in place all the elements for the Auburndale CRA. 1990 City Commission refused to give a full vote of confidence. After a 5 year journey to personally raise funding, extensive research and study for the CRA district perimeters, and stunned with the Commissions doubt. Positioned himself to run for office again, was re-elected to Auburndale Commission, to serve 1991-93 to full fill the CRA master plan! Active with the Central Florida Development Council from conception in 1985 and sat on the board periodically for the past 25 years representing municipalities and private investors. The positions Dan held from 1986 through 1993 enabled him to have a complete workable understanding of the State of Florida Comprehensive Plan for Future Land Use, and the benefits of intergovernmental agreements, utility franchise expansions, and public/private partnerships! Specialties: Assets recovery & receivership, Real Estate Portfolio's, REO & Short Sale of Residential and Commercial negotiations, marketing consultant, public relations, and Broker Price Opinions for residential and commercial lenders.

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