Scaling Up Instead of Down at Retirement

A very interesting trend that is starting to occur with the baby boomers goes against all conventional wisdom. The conventional wisdom is that you should down scale your home upon retirement. However, in recent years many boomers are actually trading in their bungalows for larger homes, almost 30%. Why?

There are many societal issues at play. Some are up-scaling to accommodate visits from family and more grandchildren. Others may be up-scaling to have an elderly or disabled relative move in. However, as many are working later in life, more and more are working from home. Thus, a home office is becoming increasingly common. Workout rooms also hold appeal for active boomers.

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