boomers-real-estate

Two Generations – One Problem.

The drop in the US housing market is being partly compounded by a tri-effect created by the baby boomers and the echo boomers, (echo boomers are those born between 1989 and 1993).

1. The millions of graduating echo boomers who enter the workforce annually are, like many Americans, finding it extremely difficult to find employment. Instead of going solo, getting apartments or committing to first homes, they are returning back to their parents and taking refuge.

2. At the same time their new boomer landlords are not retiring because of recently depleted retirement funds, the drop in equity in their home and battered stocks. Coupled with a recession where many eliminated jobs will not return there was talk of 10-11% unemployment before we reach the light at the end of this economic tunnel.

3. Currently and for the foreseeable future we are not building or retrofitting the typical number of affordable entry level rentals. When the economy strengthens (lets say 2011) we may face a huge shortage, triggering a spike in rental prices.

Could these two generations could end up stifling US recovery? Is this the ultimate catch 22 or just a red herring?

Source of the idea: Huffington Post.

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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