Posted on 11/22/2019 10:41:46 PM PST by NoLibZone
SUN CITY, Ariz. — When this Phoenix suburb opened on January 1, 1960, it was billed as the original retirement community. From above, it would look like a UFO landing site, laid out in rings to mimic halos surrounding the sun. Just past the entrance, a billboard flanked by rows of palm trees promised “An Active New Way Of Life.”
On the weekend Sun City opened, cars were backed up for 2 miles as some 100,000 visitors waited to gawk at a village built specifically for adults over the age of 50. They found a new nine-hole golf course and a community center with 250-seat auditorium, swimming pool, shuffleboard court and lawn bowling green. Elsewhere there was a 30,000-square-foot Grand Shopping Center, a Safeway grocery store and a Hiway House Motor Hotel, where you could have a cup of coffee or something stronger at the bar. “The finest resort couldn’t supply more,” boasted a fictional resident of Sun City in a promotional video from the period.
The big question looming in this neighborhood — and dozens of others like it in the Southeast and Rust Belt — is what happens to everything from home prices to the local economy when so many homes post ‘For Sale’ signs around the same time?
The U.S. is at the beginning of a tidal wave of homes hitting the market on the scale of the housing bubble in the mid-2000s. This time it won’t be driven by overbuilding, easy credit or irrational exuberance, but by an inevitable fact of life: the passing of the baby boomer generation.
(Excerpt) Read more at foxnews.com ...
That’s not true in Nashville
Millennials are buying homes and gentrifying rundown areas like crazy
Decent boomer homes will go to wives then kids or grandkids
Like mine
Retirement communities are another story
“...could not possibly care less about having a home and a yard. They don’t want the responsibility.”
So true...right up to and including the “heirloom” bric-a-brac hanging on the wall. Most “family treasures” will pass to Goodwill, no doubt.
And, I will care less.
Sun City is far from the best community here in Phoenix but anywhere in the entire city is cheaper than LA.
Paradise Valley, Scottsdale, Arcadia and Fountain Hills are the better locations.
That is why we’re trafficking Third Worlders here - to fill our housing stock, store aisles, and most importantly: public schools.
The most visible aspect of the negative birthrate in my area is the absolutely horrible parking; childless young people move into illegally converted two family homes (that formerly housed a regular family) and you end up with cars all over the place (without off-street parking for the tenants, who have moved into an area zoned for single-family homes).
The second most visible aspect of the negative birthrate is the masses of foreign children in the school system - funded by the homeowners.
I highly doubt you work for God. At least not from the tone of your posts. God loves the vapers, people with student debt, and even people who are bankrupt because of drug abuse.
Are you in the mountains?
Why would I buy a house from a boomer?
Ya’ll build subdivisions with 2 houses per acre.
I’ll pass!
If nobody is buying the 21 million dollar homes, then they aren’t 21 million dollar homes.
South Central. We’re 45 minutes south southeast of Bardstown.
“...50% of the town population are living in rentals.”
There’s the key - rentals - for a great many younger folks, urban dwellers and retirees.
When the suburban and rural mid-range boomer homes drop in price significantly enough, they’ll be scooped to become rentals (as happens now around the edges of larger cities).
For capable gen X, Y and immigrants, great — a nice house with no down payment, no building maintenance, just keep up the monthly stroke.
Possibly, ordinances will change to allow multi-family occupancy.
It called the free market. The last thing we need to do is import more Demo-socialists from the the world. Let the market adjust.
For seniors who like where they live and have significant equity in their home, why downsize when they can take out a reverse mortgage and draw from that until they pass?
Shhhh. A lot of globalist Republicans ( who caused the problem ) don't want to hear that kind of hate truth-speak...
If life were a football game, I’d be in the fourth quarter. It’s just me and my wife; we have no kids or grandkids. When the final gun sounds to end the game, we really won’t give a sh!t what happens.
We are building a home, for winters, in Mountainside at Victory, at the foot of the White Tank Mountains in Verado. It is a 55+ gated active adult community and we bought one of the golf course lots.
Our Montana home sits on a mountainside with a creek, bridges, atv trails, a shooting range, garden, lawn and fruit trees. We bought the land 25 years ago and designed and built our home 15 years ago.
Winter are getting longer and I’m not getting any younger. I can see down the road a short way from now not being able, or caring to, maintain all this home and acreage. So we are making plans now to transition out of here in a couple years.
Verado looks good to us so we are going for it. We also like Fountain Hills. They have a great outdoor market there. Sun City had no appeal to us at all. I thought it was depressing actually.
Why would a generation of self-absorbed narcissists want to purchase houses and other properties, when they don’t want to get married and have children? They’re too invested in the pursuit of pleasure to have concern for future generations.
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