From a NRMLA online news release:
“Research suggests that as we age, Americans will spend more of our hard-earned retirement assets on health care, such as insurance, prescription drugs, in-home care and other services that help us remain independent,” says NRMLA’s President Steve Irwin. “A retirement plan that includes the responsible use of home equity may be the best option that can help ensure healthcare spending doesn’t become a financial burden for many retired couples.”
(December 17, 2019) – Homeowners 62 and older saw their housing wealth grow by 0.3 percent or $24 billion in the third quarter to a record $7.19 trillion from Q2 2019, the National Reverse Mortgage Lenders Association reported today in its quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index.
The RMMI rose in Q3 2019 to 259.19, another all-time high since the index was first published in 2000. The increase in senior homeowners’ wealth was mainly driven by an estimated 0.5 percent or $40.7 billion increase in senior home values, offset by a one percent or $16.5 billion increase of senior-held mortgage debt.
To read more: https://www.nrmlaonline.org/about/press-releases/senior-housing-wealth-reaches-record-7-19-trillion
Situated on a sweeping two-acre lot, this 452-square-foot abode is just right for two.
A stunning 6,200 sq ft space, this remarkable and sprawling house rises up through its surrounding landscaped gardens. Described by the Architects’ Journal as having a “beguilingly cave-like relationship to the outside world”, it is a bold vision of contemporary architecture in which the natural world has been thoroughly entwined with the design.
Recline by the pool, listen to the artificial stream winding its way through the gardens, meander across the footbridge: this home was conceived for those long, dreamy summer days.
…the Yō no Ie re-imagines a life in suburban-rural areas, rather than urban-suburban. This reflects quiet yet significant social changes – or rather, shifts in life priorities of people and how they define happiness. In the 20th century, when society was excited about economic growth, everyone dreamed of living in cities, working at big companies by navigating a world of fierce competition, either spending an eye-popping amount of money on a small urban condo that quickly became a norm, or traveling hours to commute from a more affordable home in rapidly sprawling suburbs.
The City of Los Angeles has given the Green Light to Movable Tiny Homes as ADUs!
“The jury was unanimous in celebrating this inventive solution to reconfiguring a dilapidated Japanese colonial house.
The percentage of boomers who own a pet grew from 50% to 54% between 2008 and 2018. Among the oldest boomers — those between 70 and 74 — the percentage of pet owners rose from 41% to 45%. In contrast, the percentage of pet owners between the ages of 18 to 39 dropped from 63% to 61% during that time frame. Among consumers 40-54, the percentage of pet owners held steady at 64%.
Instead, the homes of the villains are places where evil is plotted and where, often, the hero is tested and must prove him/herself. Like evil itself, the abodes of movie villains are frequently compelling and seductive. From a design standpoint, they tend to be stunning, sophisticated, envy-inducing expressions of the warped drives and desires of their occupants.
Boomers Daily 