Title: The boomer housing crisis is pacing to get even worse
Article Snip: "...Many boomers find themselves aging into a system that is not willing or equipped to care for them, and instead struggle to subsidize their own care while facing an affordability crisis.
In 2021, 11.2 million seniors—about one in three—were cost-burdened, spending more than 30% of their income on housing...“The senior housing industry would need to develop twice as many units as it has ever developed in any single calendar year every year to keep up.” What’s more, the early pandemic pulled the brakes on the housing industry, as leaders tell the Journal of labor shortages and weakened demand. ..."
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