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housing issues affecting the baby boomer generation

The Power of Rightsizing: Sharpening Mindset, Actions, and Communication for Success

By Reese Fayde / June 10, 2024 /

Life is about change.  We can’t control or even predict every element of our life, and we certainly should not dread or fear our tomorrows. The all too frequently heard concept of “downsizing” sounds like retreat, loss of possessions and identity.  Simplification perhaps, but little joy or celebration.  How about looking at this homebase idea…

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Don’t Downsize: RIGHTSIZE!

By Reese Fayde / May 29, 2024 /

When considering the future, too many older adults feel that, in making the decision to downsize, they are losing something: space, treasured possessions, proximity to familiar surroundings, friends and family, and activities they enjoy. But there is a different — and I contend BETTER — way to frame and view decisions about aging and the…

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Home Equity Options for Age-Ready Living

By Reese Fayde / March 25, 2024 /

As promised in my last blog, this week I’m going to give an overview of the fourth booklet in the “Housing Decision Guides” series from the Consumer Financial Protection Bureau (CFPB). “Using home equity to meet financial needs” discusses four ways to capture and use the accumulated equity in a home. Most importantly, it gives…

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Major Life Changes and Housing Decisions

By Reese Fayde / March 12, 2024 /

Losing a spouse or partner is one of the most difficult times of life. It’s important to take time to grieve your loss before making big decisions. But when you’re ready, it’s important to examine where and how you’re living in order to determine what might be best in the future. The third publication in…

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Passing Down the Ol’ Family Home

By Reese Fayde / March 5, 2024 /

A dream shared by many Baby Boomers is being able to pass down the family home or vacation property to their children or other loved ones. There are several different methods for achieving this goal, some easy, some more complicated. The Consumer Financial Protection Bureau (CFPB) introduced in last week’s blog, is a U.S. government…

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Independence and Health Concerns: Not Mutually Exclusive!

By Reese Fayde / February 26, 2024 /

I’ve devoted several blogs to ways to anticipate living arrangements that are “age ready,” from the installation of additional lighting and handrails to technological innovations that assist aging in place. Today, I’m starting a series on topics that the Consumer Financial Protection Bureau (CFPB) calls Housing Decision Guides. When Government is a Welcomed Partner You…

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Neighbors Helping Neighbors: Time Banking in 2024

By Reese Fayde / February 5, 2024 /

In communities across the globe, people aren’t biding their time — they’re “banking” it! The concept is called Time Banks. Members bank — or accumulate — hours by, for example, doing repairs for others or taking someone to the store. They get repaid with assistance when they need it. The system is being looked upon by…

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Joy for All of Us, Everywhere

By Reese Fayde / December 20, 2023 /

In this season of heightened awareness of goodwill and helping each other, I thought I’d talk about something close to my heart. I sit on the board of I’m Still Here (ISH), a nonprofit organization that helps people living with dementia to flourish through engagement in life, family, and community. ISH works to improve knowledge…

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‘PadSplit’: A New Day for an Old Idea

By Reese Fayde / December 12, 2023 /

An interesting concept that currently is aiding low-income and working class people in 18 states across the country may hold a key to housing older adults on fixed incomes, and it’s based on a housing arrangement that used to be commonplace: the rooming house. Rooming House Nostalgia For hundreds of years, rooming houses — or…

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‘Pocket Neighborhoods’: Weaving a Community Together

By Reese Fayde / December 6, 2023 /

Last week, I introduced Dr. Bill Thomas’ Minka house concept that became part of his larger vision of creating communities comprised of smaller “pocket neighborhoods.” This week, I want to explore how pocket neighborhoods differ from standard living options. What are the upsides and downsides? And are pocket neighborhoods an answer for Baby Boomers who…

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