If you are a boomer born between 1946 and 1964, there is a pretty good chance, says a new study, that you own a chunk of real estate. In fact, says the Harris Interactive survey sponsered by the National Association of Realtors, some 78 million Americans born between ‘46 and ‘64 now have real estate investments–a figure never before seen in this nation’s history, says the study.
As reported by Kenneth Harney in The Mercury News out of Washington, the study reveals that 96 percent of all boomers believe owning a home is a real smart way to invest their money…and just about four out of five have put their money where their mouth is and currently own their own homes.
The news article says ,”Boomers not only believe strongly in accumulating real estate, but they also intend to keep doing so as they head toward the traditional retirement years.”
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Charles FeldmanCharles has written 147 articles for us.
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Charles is currently reporting for KNX Radio in Los Angeles, is the co-author of the book No Time To Think, and can be found commenting about the news on his blog, The Feldman Blog.
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I heard a stat the other day and I’m sorry if is not relevant to your post but I’m curious to know if it was an accurate statement. Someone told me that in average the discretionary liquid income that boomers have in order to do real estate investments was between 120 and 180k. Thanks