I am interested in the following San Jose Mercury News Article because it points out a situation that may be more wishful thinking than fact. The article discusses a hope of New Home builders thatBaby Boomers will sell their existing homes and will be scaling down. I’m not sure if I have a strong opinion on this built I was intrigued because it really seems like a huge gamble. With the recent economic condition I have seen many homeowners decide to cut-back on purchases and in fact make “Life Style” decision about spending that may become permanent. For Danville real estate,San Ramon real estate, and Alamo real estate we have a good climate so the need to move to a warmer area is not relevant. Also, people of the Bay Boomer generation are of Grandparent age. So this decreases the likelihood of a person selling moving away from their families.
Homebuilders hope boomers beat path to their door again – San Jose Mercury News.
