Seems like after the war the returning service men were pretty happy to see their wife’s or girlfriends. Not long after we had a bunch of births, the generation created was the baby boomers. A very large group, to say the least.
Not only were they the largest group at the time but the most affluent of all time.
We are currently in about the fifth year of baby boomer retirement. What effects does this have on investing? I’m glad you asked.
First off let’s think about retirement for the baby boomers. One of the first things they will do is downsize their home as it is no longer needed to raise kids. Most will want to cut back on yard work and upkeep as the work is getting harder and as a result we are seeing many moving into apartments and condominiums.
The depression we just went through from 2008-2014 was the worst on record.
Believe me, the baby boomers felt the effects of this.
With all the people losing their homes to foreclosure and bankruptcy they were forced to downsize into something they could afford. Most would rent instead of own as their credit was damaged. This greatly affects the need for rental housing and apartments currently.
We are seeing a growing population in our elderly care facilities as this group of baby boomers age. This is nothing more than apartments for the elderly with special services that cost a bunch. Many investors are active in construction and acquisition of this type of investment as the cash on cash return is very high.
So, what happens when people down size? They normally don’t have enough room for all their junk. Heaven forbid they ever get rid of some of their crap. Most will find a storage unit to rent. This downsizing has created a huge need for self- storage units, another effect of the baby boomers.
With the retirement of the baby boomers the RV industry has seen increases of 15 – 20 percent in sales and is predicted to see at least that in 2016. This is going to greatly increase the need for more RV places and surely increase occupancy at the established parks. With RV parks harboring one of the highest cash on cash returns, this would be a great place to park some money if you understand how they run.
From what is obvious with myself and many investors, now is an excellent time to be investing in apartments, self-storage, student housing, elderly care and even manufactured home parks. With any investment property purchase, special care should be taken to get the best property at the right price and terms to assure the correct cash on cash return's.
With Oregon ranked number one in the nation in people moving here, this would be an excellent state to invest in. Like any investment no matter where it is, due diligence is required to make sure you are in a good area.
For my money apartments, self-storage, student housing and elderly care have the greatest security when investing. Either way, do your homework.
Baby boomers have changed income property investing a great deal.
Not only were they the largest group at the time but the most affluent of all time.
We are currently in about the fifth year of baby boomer retirement. What effects does this have on investing? I’m glad you asked.
First off let’s think about retirement for the baby boomers. One of the first things they will do is downsize their home as it is no longer needed to raise kids. Most will want to cut back on yard work and upkeep as the work is getting harder and as a result we are seeing many moving into apartments and condominiums.
The depression we just went through from 2008-2014 was the worst on record.
Believe me, the baby boomers felt the effects of this.
With all the people losing their homes to foreclosure and bankruptcy they were forced to downsize into something they could afford. Most would rent instead of own as their credit was damaged. This greatly affects the need for rental housing and apartments currently.
We are seeing a growing population in our elderly care facilities as this group of baby boomers age. This is nothing more than apartments for the elderly with special services that cost a bunch. Many investors are active in construction and acquisition of this type of investment as the cash on cash return is very high.
So, what happens when people down size? They normally don’t have enough room for all their junk. Heaven forbid they ever get rid of some of their crap. Most will find a storage unit to rent. This downsizing has created a huge need for self- storage units, another effect of the baby boomers.
With the retirement of the baby boomers the RV industry has seen increases of 15 – 20 percent in sales and is predicted to see at least that in 2016. This is going to greatly increase the need for more RV places and surely increase occupancy at the established parks. With RV parks harboring one of the highest cash on cash returns, this would be a great place to park some money if you understand how they run.
From what is obvious with myself and many investors, now is an excellent time to be investing in apartments, self-storage, student housing, elderly care and even manufactured home parks. With any investment property purchase, special care should be taken to get the best property at the right price and terms to assure the correct cash on cash return's.
With Oregon ranked number one in the nation in people moving here, this would be an excellent state to invest in. Like any investment no matter where it is, due diligence is required to make sure you are in a good area.
For my money apartments, self-storage, student housing and elderly care have the greatest security when investing. Either way, do your homework.
Baby boomers have changed income property investing a great deal.