{"id":18743,"date":"2021-04-14T13:29:28","date_gmt":"2021-04-14T13:29:28","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=18743"},"modified":"2021-04-14T13:29:28","modified_gmt":"2021-04-14T13:29:28","slug":"baby-boomers-plan-moves","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/baby-boomers-plan-moves\/","title":{"rendered":"Baby Boomers Plan Moves"},"content":{"rendered":"

Baby Boomers Plan Moves<\/h1>\n
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Wealthy baby boomers are increasingly buying properties in the same housing developments as their friends, even if it means moving hundreds of miles away from the place where they first met, real estate pros tell The Wall Street Journal<\/em>.<\/p>\n

Groups of empty nesters are looking to create communities and preserve or recreate their social circles as they move to new cities. For example, seven units at the Pendry Residences in Park City, Utah, were purchased by a group of friends from the same country club in San Diego, the developer says. At Clear Creek Tahoe in Nevada, seven couples from Silicon Valley bought lots next to each other.<\/p>\n

\u201cThey want to look for a surrogate for that kind of community support that they would have had with their family as they grew older,\u201d Michael R. Solomon, a marketing professor at Saint Joseph\u2019s University who\u2019s studied the baby boomer generation, told the Journal<\/em>. \u201cIt\u2019s a support network. It\u2019s also driven\u2014maybe subconsciously\u2014by wanting to avoid the specter of being stuck by yourself in a nursing home.\u201d<\/p>\n

More baby boomers are bypassing the continuing care communities that their parents once lived in, Solomon notes. Instead, they\u2019re buying homes where they can age in place and targeting states that offer lower taxes and have easier access to amenities like the beach or a golf course. Once baby boomers settle in these areas, they\u2019re asking their friends to join them. The primary reason baby boomers cite for selling their home: To purchase a similarly sized home closer to family members and friends, according to the National Association of REALTORS\u00ae\u2019 2021 Home Buyer and Seller Generational Trends<\/a> report.<\/p>\n

Knowing the neighbors can help people settle into a new community. Sometimes, these arrangements occur with a group of friends who pick a place together, or they can happen more by chance. For example, Tom and Lori Williams told the Journal<\/em> that they weren\u2019t planning to buy real estate until after a visit to the Coachella Valley with their friends. At the time, they lived outside of Sacramento, Calif. But soon after visiting their former friends, the Williams closed on a three-bedroom, single-story home for $1.17 million in a La Quinta, Calif., golf community outside of Palm Springs. They didn\u2019t even bother to consider other communities or neighborhoods in the area. \u201cIt\u2019s nice to know somebody when you\u2019re going to a new city,\u201d Lori Williams told the Journal<\/em>. \u201cWe had an instant kind of an \u2018in.\u2019\u201d Several other families from their old community in San Diego have since relocated and purchased in the Williams\u2019 new neighborhood.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Source:<\/div>\n
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\u201cWhen Friends Move Next Door<\/a>,\u201d The Wall Street Journal (April 7, 2021) [Log-in required.]<\/div>\n
\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Baby Boomers Plan Moves Wealthy baby boomers are increasingly buying properties in the same housing developments as their friends, even if it means moving hundreds of miles away from the place where they first met, real estate pros tell The Wall Street Journal. Groups of empty nesters are looking to create communities and preserve or … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-18743","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nBaby Boomers Plan Moves - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/baby-boomers-plan-moves\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/baby-boomers-plan-moves\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/baby-boomers-plan-moves\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Baby Boomers Plan Moves\",\"datePublished\":\"2021-04-14T13:29:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/baby-boomers-plan-moves\\\/\"},\"wordCount\":466,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/baby-boomers-plan-moves\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/baby-boomers-plan-moves\\\/\",\"name\":\"Baby Boomers Plan Moves - 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