I envision empty buildings or ones with elders huddled together on one floor. Many of these places may be just too much responsibility to finance.and difficult to resell. I can see some of them adapted for easy access but multi level structures would seem to require special living arrangements. Is there a plan in place for this kind of scenario?
When you are taking 30 years from now, it's kind of a mind bender. I'm 63 and I don't know if I'll see 93, but I own my home and that asset has value now, but will it have value when I may want to sell or will the market be flooded with this great population of boomers who are making changes?
There are developments that cater to those who want community and single story living. Price plays a roll is what some can afford. Right now, I think most can downsize, even in this market because there is a level playing field. Twenty years from now, however, I see big changes and so many houses on the market.