Retirement Housing: Fixing Big Problems with Tiny Solutions

WRITTEN BY GREGORY CHARLOPRetirement Housing: Fixing Big Problems with Tiny Solutions

Imagine you’re retired. Your old house is hard to maintain, and it’s getting a bit tough to climb stairs. You want a place that’s safe and manageable with limited mobility. Since you don’t want to keep moving, you need a stable, long-term solution.

You go out and start searching for a home to last you through your golden years. Unfortunately, finding a place is much tougher than you expected. You look all over town only to discover that all the senior living options are either depressing or prohibitively expensive (or both.)

You agonize over the Sophie’s choice of paying for housing or preserving your life’s savings for your family. When you finally move into your new senior living center, you’re treated like a child. You have to live under their rules. No pets. No alcohol. No overnight guests. No sweets. They decide when you wake up and go to sleep. In the final years of your life, you’ve lost your autonomy.

With such miserable alternatives, aging in place is surging in popularity. Perhaps for lack of other reasonable options, many seniors try to remain in their own homes as long as possible. Eleven million elderly Americans now live alone and those aging in place can suffer from social isolation. Lonely seniors are at increased risk for depression, dementia, and death. Since families are scattered far away, children worry whether grandma is lonely. Is she safe? Who will look after her if she falls ill?

Fortunately, hope is on the horizon: affordable tiny houses. Instead of a bleak retirement home or assisted living facility, now imagine living in your own, customized tiny house. Everything is ADA-compliant and designed for you. Doorways accommodate your walker, cabinets are a snap to open, and everything is within reach.

The commode, kitchen, and shower are fully accessible. Upper-level storage is automated and springs to life at the touch of a button. Pets, chocolate cookies, and overnight guests are allowed. It is your home, after all!

You make the rules and preserve your dignity. Here’s how it works. Geriatric specialists partner with builders to create a fleet of tiny homes tailored for seniors. They are designed from the ground up for folks with physical limitations. Then, each buyer is individually evaluated and the unit is further customized to his or her particular needs.

Finally, the houses are outfitted with easy to use sensors and voice assistants capable of calling family, monitoring the home, and contacting emergency services. Once the home is built, it can be transported to wherever you’d like to live. For instance, these homes can be installed in the yards of family members as a detached in-law unit.

Grandparents can live near grandkids, which is perfect for childcare or tea. Yet, everyone has their space and privacy. Alternatively, homes can be arranged as a senior living community complete with friends and activity centers. Senior loneliness can be a thing of the past! It’s time to think about customized and affordable tiny homes for our loved ones struggling with housing in their golden years.

melting-watch

MARKET WATCH

Single Family Home Activity in the Antelope Valley

In the last 24 hours
08/21/18

New Listings …  29
Sold …  26
Pending …  29
Expd/Wthd/Cancld …  13
Price Increases …  00
Price Reductions …  31
Number of listings* …  1496
Average Days on Market …  75
Short sale/pay listings …  07
Equity listings …  1380
Bank owned listings …  13
HUD, Corp, Probate and Auction listings …  40
Days of inventory (at the average rate**) …  36.88
Days of inventory (at yesterdays rate**) …  38.36
Actual Number of days of inventory***  …  149.6

View the last 8+ years of data HERE!

 

* Count includes all ACTIVE and CONTINGENT MLS listings
** Assuming no future growth or reduction
*** At yesterdays depletion rate (∞ indicates negative depletion,
inventory would not be depleted at this sales rate)
ALL DATA WAS DERIVED FROM THE “GREATER ANTELOPE VALLEY
ASSOCIATION OF REALTORS®” AND IS DEEMED RELIABLE.
THE CALCULATIONS OF THAT DATA IS THE
RESPONSIBILITY OF DON GOCKEL, REALTOR®

Go West…Err, Midwest, To The Hottest Housing Markets In The Country

WRITTEN BY JAYMI NACIRIGo West...Err, Midwest, To The Hottest Housing Markets In The Country

Call it “The Heartland.” Or “America’s Breadbasket.” However you choose to refer to the area between the Rockies and the Appalachians, you can also assign an important new descriptor: Home to America’s hottest housing markets. In the latest market report from Realtor.com, California cities that once dominated the list have been replaced by several Midwestern cities, like Fort Wayne, Indiana; Columbus, Ohio; and Detroit, Michigan.

“Fast-growing Midwest markets are overtaking pricy California cities on property search website realtor.com‘s hottest markets report, which looks at the areas of the country in which properties are selling at the fastest rates (by days on market),” said Inman. “The July list…named seven midwest markets and five in California.”

So what’s responsible for the geographical shift? Blame (or credit) continually rising prices and inventory issues, which is driving homebuyers to less costly markets.

“With the median home list price hovering at a record level, affordable markets are very attractive for buyers, which is contributing to the popularity of many Midwestern markets,” realtor.com chief economist Danielle Hale said in a statement, per Inman. “Although construction is increasing in many regions, inventory remains scarce due to strong buyer demand and years of underbuilding. Even these affordable markets run the risk of what we’ve seen elsewhere if they aren’t able to keep pace with new construction.”

Added Mansion Global: “The shift to the Midwest underscores the severity of the housing shortage in some areas, where developers have built very little besides high-end homes since the Great Recession.”

The Realtor.com list is based on listing views and median days on market. “Properties in the 20 markets chosen moved 17 to 30 days more quickly than homes in the rest of the country,” said Inman. “Homes in these 20 markets spent four days fewer on the market on average than this time a year ago. Listing views were 1.8 times higher than the national average and 16 percent higher than last year.”

The No. 1 market on the list remains West Texas oil town Midland, Texas – the fourth month in a row the city has been at the top. “With rising fortunes in the West Texas oil patch, demand for homes is booming in Midland and houses sell in less than a month on average,” said the Dallas Morning News.

At No. 2 is Fort Wayne, Indiana, followed by Boise City, Idaho; San Francisco-Oakland-Hayward, California; Columbus, Ohio; Colorado Springs, Colorado; Detroit-Warren-Dearborn, Michigan; Racine, Wisconsin; Vallejo-Fairfield, California; and Rochester, New York. Janesville-Beloit, Wisconsin; Boston-Cambridge-Newton, Massachusetts; Pueblo, Colorado; and Grand Rapids-Wyoming, Michigan are also in the top 20.

“Formerly depressed areas of the country, particularly in the Midwest Rust Belt, have watched prices soar over the past year as more homebuyers are entering markets where there’s been very little new home building since the housing bust of 2008-09,” said Mansion Global. “The situation in Boise highlights the severity of America’s affordable housing shortage. A recent study by the U.S. Department of Housing and Urban Development, found there are 10 times more buyers looking for a home in Boise than available homes for sale. Median days on market was down to only 34 days.”