The Future of Housing for Older Virginians by Bob Adams
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The Future of Housing for Older Virginians
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Transcript of The Future of Housing for Older Virginians by Bob Adams
The Future of Housing for Older Virginians
Boomers !
•Boomers have led the housing market for three decades … and they still do
Boomers & the March of Time
Boomers & Housing
Scale !
Retirement and Beyond: Why do HHs Move ?
•Downsize•Design and Accessibility•Location, Location, Location •Affordability
Affordability
Affordability
What Do Boomers Want?
Should I stay or should I go ?
What Do Boomers Want?
•47% want to stay in their home •23% want to stay and
move “later”
What Do Boomers Want?
•70% + will be “AGING in PLACE”
What Do Boomers Want?• Walkable• “Urban”… …”Village”• Connected– Family– Friends– Culture – Entertainment– Shopping
• Green
Aging in Place
•Remodeling•Shared housing / accessory housing •Transportation•In home services
Aging in Place…in the Suburbs (traditional model) •SFDs•Rental – Independent Living•Assisted housing •Nursing care
Aging in Place…in the Suburbs (new model) •Remodeling•Shared housing / accessory housing •Transportation•In home services•????
Boomers & Housing 2020
•In the next decade 2/3’s of boomers will make a housing choice •Our current housing stock is NOT likely to meet these new demands•WE need to be creating these new models NOW
