Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • About Us
    • Contributors
  • Why We’re Different
  • Foundation Principles
  • Your Security
  • The Swiss Way
  • Investing
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Liberty & Freedom Map
  • Your Survival Guy
  • Your Health
  • Old Confederacy
  • The American Conservative
  • The Trump Economy
  • My Rifles

Baby Boomers and the Future of Real Estate

October 23, 2013 By E.J. Smith - Your Survival Guy

Florida Suburbs

You can forget the story line that baby boomers will be flocking to the cities for retirement. The media has overplayed it mainly because media lives in the city and can’t see the forest through the trees. Joel Kotkin writes about the decline in city population and growing smaller town population. Check out the full article here in Forbes.

Perhaps the biggest impact, however, may be on smaller metropolitan areas and the less expensive Sun Belt communities. As more boomers achieve “empty nester” status they could bring investment capital, and broader connections to smaller cities that could much use them.

One early sign of this trend may be the recent rise in migration to Florida. After a brief recession-driven hiatus a net 200,000 people have moved to Florida in the last two years. New Census numbers also suggest a  large number of people continue to leave the Northeast, the Midwest and California.  Also likely to benefit will be some emerging boomer magnet communities in Idaho, Arizona, Uta­h, the Carolinas and Colorado.

For real estate developers and investors, the ones often most entranced by the “back to the city” story, the lessons are very clear. It makes more sense to follow the numbers, and understand the logic of senior migration, than swallow the snake oil so many have been carelessly imbibing. There are great opportunities in the expanding senior market, including in some uniquely attractive urban districts, but the bigger plays are in outlying areas, and, increasingly, smaller towns.

The following two tabs change content below.
  • Bio
  • Latest Posts

E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.

Latest posts by E.J. Smith - Your Survival Guy (see all)

  • Buchanan: The Decline of Congress not a Recent Phenomenon - February 19, 2019
  • Do You Have What it Takes to be a Great One? - February 15, 2019
  • Tucker Explains: Donald Trump: “We Have Destabilized the Middle East” - February 15, 2019

Related Posts

 

RSS Youngresearch.com

  • Democrats Sign on for $1.5 Trillion Tax Hike
  • What Do You Need to Do Before You Retire?
  • Walmart Shows Retailers How to Succeed
  • Happy Presidents Day!
  • Do You Have What it Takes to be a Great One?
  • What Are You Getting Paid?
  • After Long Declines, Branded Consumer Companies Comfortable Raising Prices
  • Is Your State Winning or Losing the Tax Game?
  • Can You Rely on Income Funds?
  • New Zealand’s Trees Fill China’s Mills, While U.S. Lumber is Slumps

Are You Prepared for the New Money Crisis?

The Curse of Obama Wreaked on Our Society

Trump Must Fight to Exit Syria

Buchanan: The Decline of Congress not a Recent Phenomenon

Is Trump’s Border Wall Emergency Declaration Legal? Yes. Here’s Why.

Donald Trump Seeks to End the Diversity Visa Lottery, Instead Reward High Skilled Immigrants

Democracy & Diversity: Not In the Constitution

Copyright © 2019 | Terms & Conditions | About Us | Dick Young | Archives