Most California Baby Boomers Plan to Keep Their Homes

Happy Homeowners

The majority of Golden State homeowners born between 1946 and 1964 are overwhelmingly happy with their current homes and don’t plan to sell when they retire, a recent survey says.

CAR’s results parallel those of a recent AARP poll, which found that 90 percent of baby boomers across the U.S. plan to stay in their current home for as long as possible. Both surveys’ findings dispel the popularly held notion that baby boomers will downsize their homes as they become empty nesters.

Boomer Statistics

The poll discovered that the vast majority of California baby boomers – 78 percent – won’t sell their homes simply because they like them. Ten percent of respondents said that they can’t afford to purchase another home, while 8 percent plan to eventually pass the property down to their children.

The story is online at https://compasscaliforniablog.com/most-california-baby-boomers-planning-to-keep-their-homes