Now that baby boomers will be retiring at an enormous rate and the building of retirement condos and communities seems non-stop (i.e. Florida’s west coast), do you think that when I retire 35 years from now there will be an overabundance of these retirement properties? Will I be able to get a good deal on one because they’ll be empty?
I’ve lived in Florida. The houses are so shoddily built that they rarely last 35 years.
I wouldn’t worry about it. Once all the boomers retire and Social Security collapses due to insufficient funds to pay for all the retirees, our economy will collaps and by 2030, we’ll all be living in caves.