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

Welcome to my Blog site. I don't provide this information to boast, I humbly provide this, so you are informed of my qualities and experience. Since the first of 2017 Dans averaged close to $1,000,000 in sales monthly. Dans accomplishments lend wisdom and credibility that I'm proud of. An informed understanding of who you elect to represent you is as important as the investment you hold in your hands. Dan has celebrated over 17 years as a full time Realtor. Successfully listed and sold homes well through the 7 figure market. Advises and assists clients with challenging Portfolios! 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 of Integrity, Expertise, and Focus. Our customers deserve the best. Currently a "FULL TIME" Realtor listing and selling homes in Tampa Bay Golf and Country Club and provides 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 RE/MAX Marketing Specialist in January 2012. 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. Received license in 2000, took the class to sell his own properties, coerced by instructor to pursue an active license. Assist residential and commercial brokers, investors and individuals with real estate needs. 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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