Lee Meekcoms Sees Housing and Recreation Trends Shift as Baby Boomers Enter Retirement
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Housing and Recreation Trends Shift as Baby Boomers Enter Retirement
As Baby Boomers begin to retire, their impact on housing and recreation trends is becoming increasingly apparent. According to Lee Meekcoms, President of Parkbridge Capital Group, Inc., Baby Boomers have amassed significant wealth and stand to inherit even more. This financial security and increased life expectancy are driving new trends in the housing market.
Meekcoms, who has over 25 years of experience in real estate, notes a growing trend among Boomers known as "splitters." These individuals maintain two residences, spending part of the year in northern regions and the other half in southern locales. Additionally, close to half a million people live full-time in RVs, with millions more alternating between RV travel and a permanent home base, typically within manufactured home communities or RV resorts.
Unlike traditional "snowbirds," Boomers are more active and cost-conscious. They anticipate a long retirement and want to ensure their funds last. "Boomers are affluent but savvy about their investments. They plan for the future," Meekcoms explains.
This insightful perspective is driving Parkbridge Capital Group's strategy of acquiring and enhancing manufactured home communities and RV resorts. "Our approach combines providing a mobile lifestyle with affordability. Upgrading properties not only maximizes investor returns but also creates desirable environments for tenants," Meekcoms says.
Parkbridge Capital is strategically positioned to leverage the Boomer market. The limited availability of high-quality manufactured home communities and RV resorts suggests rising prices due to supply and demand dynamics. Additionally, American travelers are increasingly opting for nearby vacations due to rising gas prices. Resorts that are easily accessible by car or offer seasonal stays are becoming more appealing.
As a Baby Boomer himself, Meekcoms has an insider’s view of this generation's preferences. "We have more time, money, and better health than previous generations. We seek a flexible lifestyle at a reasonable cost," he remarks. "Our properties perfectly cater to mobile, cost-conscious Boomers looking for an ideal lifestyle."
In summary, Baby Boomers are reshaping housing and recreational trends, and companies like Parkbridge Capital are adapting to meet these evolving demands, ensuring a win-win for both investors and residents alike.
You can find the original non-AI version of this article here: Lee Meekcoms Sees Housing and Recreation Trends Shift as Baby Boomers Enter Retirement.
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