Palm Springs, Calif., has been a redoubt for snowbirds and show business royalty at least since the 1930s.
The Urban Core Is a Magnet for Both Boomers and Millennials
December 26, 2014
According to Realty Times, Boomers are trading empty nest properties for apartments and condos nearer their jobs in cities.
Many Boomers, compared to their parents’ generation, are staying healthier longer and still working into their sixties. For the many that aren’t financially able to retire yet, moving into a city offers the opportunity to downsize expenses and be closer to work. And other boomers rent in the city and have their primary residence at a vacation spot in a tax friendly area to reduce costs.
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