Posted Jan 30, 2012, 9:45 PM
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Registered User
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Join Date: Mar 2009
Posts: 5,243
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Quote:
Originally Posted by gjhall
The average age of buyers in Westboro Station, for example, is 55, and they had a no-flip covenant of a year I believe, so I believe so.
It seems to me that there are two trends for retirees, either they're moving into the city to be closer to services or out to the country to get away from it all. I'm not sure how well the latter will deal with declining health in their later years, but time will tell.
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If that is the pattern, maybe suburbia is pretty much dead or close to it? Developers should either be looking at one extreme or the other (large acreage lots or condos).
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