From midway across the Pacific can an interesting commentary last week—one that noted an idea
that mainland Boise investors might find worth mulling over. The article appeared in the HawaiiHomes
section of Oahu’s Star-Advertiser. It profiled an investor couple who have decided to make a change in
their real estate portfolio.
The investors (“Joyce” and “Reid”) are seniors themselves. They have “been reading about the
demand for senior-friendly housing”— information bolstered by the fact that over 10,000 people turn 65
every day in the U.S. That AARP statistic is a little startling until you realize that there are 77 million
American Boomers who were born between 1946 and 1964.
To Joyce and Reid, that fact—plus their having noticed how local senior-friendly housing prices
were on the rise—convinced them that a portfolio change might be warranted. They ultimately decided to
swap their current investment property—a two-story townhome—for a more centrally-located property.
It’s walking-distance centrality, in addition to a single-story floor plan, made it decidedly senior-friendly.
The decision was fortified by other observations. In their area, some senior living communities were
already experiencing waitlists. They reasoned that the senior-friendly rental was likely to command
increasingly higher rents. And just in case in future years they found themselves unable to obtain suitable
housing, they might eventually decide to move into their investment property themselves.
The demographic repercussions the Hawaiian landlords observed is one that Boise residents have
probably been reading about, too. Boise real estate investors might want to tuck that factor in the back of
their minds when they’re weighing alternative real estate investments. I’ll be here to assist with all
Boise’s real estate investment alternatives!