Boomers Were Supposed to Downsize. They Are Buying Bigger Homes Instead. (Wall Street Journal)
Affluent baby boomers are increasingly rejecting the traditional retirement model of downsizing. Instead, many are buying larger homes or expanding existing ones to accommodate children, grandchildren, entertaining, and aging in place.
Their wealth, home equity, and preference for active family-centered lifestyles are reshaping the housing market. For many older homeowners, the “forever home” is not smaller—it is larger, more functional, and designed to keep family close.
