In an interview, National Investment Center for Seniors Housing and Care (NIC) trade group founder Robert Kramer details what he sees coming for retirees hitting the market.
Primarily, Kramer foresees Baby Boomers' entry into senior housing as transformative, “We’re entering a time of disruptive innovation. The basic business model and system will be radically disrupted,” telling Next Avenue that Boomers will also change the language around senior housing. Rather than an ethos of disengagement, Kramer says Boomers view their golden years as, "What do I want to do next?” He also anticipates 40 to 50 percent of those living in retirement communities in the future will not actually be retired, but "transitioning" into their "second or third careers."
Boomers believe the elder years should be a time of the 4 E’s: engagement, enrichment, experience and enjoyment. “It’s the purposeful years,” says Kramer. “Boomers won’t want to be in an age ghetto.” That’s a nice segue to Kramer’s first prediction about the future of retirement living: It’ll be intergenerational. The silos of segregated retirement communities will come down, Kramer believes. It’s not that he expects the young and the old to live on the same floor or even in the same building, by and large, though.
Advertisement
Related Stories
Sustainability
Mention of Eco-Friendly Home Features Is on the Rise in Sales Listings
Home listing descriptions using eco-friendly terms have been rising over the past five years in line with growing consumer interest in the environment and energy efficiency
Design
What Gen-Z Buyers Really Want in a Home
The fervor of planning for Millennials in the home building industry has now pivoted to Gen Z. So, what does this new generation want?
Building Materials
Lumber Leads Building Materials Prices Higher in March
Overall, the cost of building materials rose during March, with softwood lumber, gypsum products, and concrete all seeing price increases. Only steel mill materials saw price drops
