Fractional Home Ownership & The Baby Boomer Generation

Why the fractional vacation industry is booming .) Demographics - million US Baby Boomers that will retire in the next years (the largest population turned in -, with th birthdays occurring every seconds). The under told statistic is that there will be million Empty Nesters in Europe by and Japan will have million boomers by , in a total population of only million people. million Boomers will compete for a uniquely similar lifestyle in retirement. .) Boomers Like Debt Unlike the previous generation, Boomers have proven that they are willing to pay, and borrow for the lifestyle they want. The boomer generation has innovated everything from disposable diapers to SUVs, they will innovate the idea of retirement homes. .) The Wealth Transfer Not everyone is going to get rich. Boomers are estimated to get the biggest slice of the inheritance pie: $. trillion. Distributed evenly, each of the million US boomers get $,. But these inheritance dollars will not be distributed evenly. The .% of the boomer cohort will likely join the wealthier classes. Within the next years, . million boomers will become over $, wealthier, and . million people will get less than $, to boost their meager net worth/retirement. . million people may be able to afford luxury retirement residences if they innovate to fractional ownership, condo hotel, and private residence clubs. Whole ownership is going to be bid farther out of reach by the sheer mass of this population competing for prime property, a trend that is already under way. Boomers will need to get creative by purchasing a combination of a primary residence, Condo Hotel and Fractional and PRC ownership options, to more! efficiently use their limited nest eggs and to have active and dynamic golden years. Fast Facts: Traditional timeshare grew % to $. billion in , average price $,. High-end timeshare grew %, to $. billion, average price $,, % of owners say they would buy more fractional shares in the future. Only % of US population currently owns fractional real estate interests. ARDA expects a % growth rate in Non-equity club memberships with average annual dues of $, and - weeks of fractional ownership. The average American worker gets . weeks of vacation, and will retire at age . Many boomers expect to continue to work, possibly in a different career after retirement. The $,+ income cohort is growing times faster than any other income group in the USA. Mortgage leverage has also grown in recent years. These people have money and are not afraid to borrow to own more real estate and lifestyle. There are fractional projects in the USA, % in Florida, % in Colorado. Thats , boomers for each project in supply. The most economical way to own more than one home, is to only own the piece you want to use. www.vacation-finance.com