However, baby boomers know the value and benefit of owning real estate, and since they are in their peak earning years, many of them are taking advantage of it. Owning a home is a great investment, and people today are buying multiple properties – to rent out, as investments, etc.
By Walter Molony at the National Association of REALTORS®
Those people born between 1946 and 1964, otherwise known as “baby boomers,” have a higher rate of home ownership than the national average. 25% of baby boomers own more than one property, and although they are excited about the future, many aren’t properly prepared for their own retirement.