Unable to downsize as they wish, baby boomers are staying in their old homes longer

 

“A lack of suitable housing for downsizing baby boomers is keeping them in their homes longer and constricting supply for first-time home buyers, says James Kelly, managing director of affordable housing company Lifestyle Communities.”

Read more: http://www.smh.com.au/business/unable-to-downsize-as-they-wish-baby-boomers-are-staying-in-their-old-homes-longer-20140429-37fsv.html#ixzz30Jj8rWSU

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