{"id":747,"date":"2017-02-13T00:00:00","date_gmt":"2017-02-13T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/boomers-spooked-by-housing-affordability\/"},"modified":"2017-02-13T00:00:00","modified_gmt":"2017-02-13T00:00:00","slug":"boomers-spooked-by-housing-affordability","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/boomers-spooked-by-housing-affordability\/","title":{"rendered":"Boomers Spooked by Housing Affordability"},"content":{"rendered":"

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Nearly a third of baby boomers say they experience anxiety \u2013 at least once a month \u2013 about being able to afford where they live. Forty-two percent of retirees report having such anxiety on a daily basis, according to a new survey by The NHP Foundation of 1,000 Americans aged 55-plus.<\/p>\n

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Read more<\/strong>: 5 Home Design Needs for Your Boomer Clients<\/span><\/p>\n<\/blockquote>\n

Overall, 46 percent of survey respondents say they are concerned about \u201cthe ability to afford desirable retirement living.\u201d They\u2019re concerned about their adult children\u2019s ability to afford desirable housing<\/a> too: Nearly 65 percent of baby boomers say they are worried at least once a month about their adult children\u2019s ability to pay.<\/p>\n

\u201cThe anxiety is now multi-generational,\u201d says Richard Burns, NHPF\u2019s CEO. \u201cSo we are working today to increase our stock of affordable housing<\/a> to ensure that this and future generations are able to afford desirable places to live.\u201d<\/p>\n

Nearly one-quarter of baby boomers say they are worried about affording rent or mortgage<\/a> payments. Researchers note there are geographic differences. For example, slightly under 20 percent of boomers living in the Midwest are concerned about affording rent or mortgage payments while 38 percent of baby boomers living in the South rank affording rent and mortgage payments as their chief concern. Housing-related anxiety is most prominent in the South, followed by the Northeast and Midwest. Baby boomers in the West showed the least housing-related anxiety.<\/p>\n

“These findings underscore the urgency to make housing affordability solutions a priority in America especially for those most vulnerable,” says Ali Solis, president and CEO of MakeRoom, a national renter’s advocacy group.<\/p>\n

Source: \u201cA Third of Boomers Worry About Affordability,\u201d BUILDER (Feb. 7, 2017)<\/em><\/p>\n<\/div>\n<\/div>\n

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[ad_1] Nearly a third of baby boomers say they experience anxiety \u2013 at least once a … Boomers Spooked by Housing Affordability<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":748,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[518,1231,344,408,41,818],"class_list":["post-747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-america","tag-foundation","tag-housing","tag-mortgage","tag-property","tag-real"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/Qs7j-z3tlWI","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":6642,"url":"https:\/\/amazingproperty.com.ng\/blog\/top-amenities-for-relocating-baby-boomers\/","url_meta":{"origin":747,"position":0},"title":"Top Amenities for Relocating Baby Boomers","author":"Amazing Property","date":"October 16, 2017","format":false,"excerpt":"Baby boomers say they want to move to a home that has a multicar garage and that\u2019s near their grandchildren, according to the latest Del Webb Baby Boomer Survey, sponsored by national home builder PulteGroup Inc. 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