Posts Tagged ‘elderly’

The economy and our changing needs in real estate

April 25, 2009

The other day…

I was talking to some friends the other day about the news and what is going on in the world. Many people are moving out of assisted livings b/c they can’t afford it anymore and back in with their kids. I started to wonder…what this must be like for both. How sad to have to move out of your home and into your children’s homes whose own kids are probably off to college. This ‘sandwich’ generation who are ready to enjoy life with their spouse (or go out and enjoy it with friends) are now caring for their parents. The elders most likely enjoyed their independence and are not too happy about needing to be ‘cared for’. what does this mean for real estate. Well, how is the house set up…does the parent have adequate space for themselves (like an aupair suite). Are they needing to move, maybe to a rancher? Is this a new niche market? People that needed to downsize may need to keep the size but have it all on one floor. Emotionally and Physically a lot of changes need to be made. This economy continues to ripple it’s effects downward. Maybe the silver lining is that families will be closer and we will surround ourselves with those we love.

Amy Berman
real estate website