Tuesday, November 08, 2011

Retirement Crisis Closes In on Baby Boomers

"Florida has always counted on a big chunk of the baby boomers retiring down here and buying property over the next 20 years," said Jack McCabe, a veteran Florida-based real estate analyst.

"We're not going to see this big influx of full-time senior citizen residents," McCabe said. "Home builders may need to re-analyze what they see as demand over the next five to 10 years."
Florida has served as one of Privatopia's most important states in the five-decade-old boom of privatized local government in the form of mandatory membership HOAs. According to this account, that boom may no longer be sustainable as Baby Boomers can't be counted on to retire to a Florida HOA.

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