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housing issues affecting the baby boomer generation

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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‘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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Affordable, Age-Ready Homes Can Be MAGIC!

By Reese Fayde / November 28, 2023 /

In 2017, geriatrician-housebuilder Dr. Bill Thomas hit upon an idea to challenge the “big-box” style of senior living communities: modular, affordable small homes that reduced financial burdens and increased an older adult’s ability to stay involved in the local community. The houses, named Minka after a traditional Japanese concept meaning a modest rural house, were…

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Small is Big for Affordable Third Chapter Living

By Reese Fayde / November 14, 2023 /

In recent blogs, I’ve discussed the problem of housing shortages and the impact on Baby Boomers looking to rightsize. In light of the current housing market, this week’s blog returns to familiar territory but with a twist. Some of my early columns looked at ADUs and other tiny house solutions, which are largely individual responses…

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Starter Cars and Starter Homes — Future Extinct Species?

By Reese Fayde / October 30, 2023 /

An article from Discourse Magazine this month has given me pause. The article, “Starter Cars go the Way of Starter Homes,” discusses the reasons why both affordable options are fading commodities. The article made me realize just how important our voices — our Baby Boomer, Third Chapter Living voices — are right now. Only through…

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