Mortgage And Real Estate News

Sunday, February 9, 2014

New Boomer community rethinking life after 55


Del Webb’s Sun Cities defined retirement living for America’s first generation of post-war retirees. Now, another prominent Arizona developer wants to redefine living after 55.

An age-restricted community called Victory, within Buckeye’s well-known Verrado development, will open in mid-2014. Victory is the first of several communities for wealthier Baby Boomers that Scottsdale-based DMB Associates plans to open across the West over the next decade.

It’s a generation that expects to keep involved with work even if it scales back the hours — and Boomers, as they have proven over a lifetime, have ideas often different from their parents’ about retirement. They don’t want to live with people just their age who look just like them. They often plan to hike or work out instead of playing golf. They still want to be close to their families — but with a little space to themselves. And they really, really care about their living space.

Read more...New Boomer community rethinking life after 55

Reuters: Business News

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