Tuesday, August 11, 2009

Boomers Are Expected To Become Urban Renters

See this post at CalculatedRisk on new demographic research: Research on Homeownership Rate through 2030
This has significant implications for planning and homebuilders. If Nelson is correct, there will be a dramatic shift towards a "new urbanity" and away from suburbs. And also a shift towards more renting.

As an amenity town Traverse City needs to start planning now for 2030 when a flood of retired yet active baby boomers rent condos throughout downtown.