housing issues affecting the baby boomer generation

‘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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Homeowners Recognized as Part of the Solution

By Reese Fayde / October 24, 2023 /

There’s some good news on the horizon for affordable housing in markets currently bereft of such opportunities. In mid-October, the Federal Housing Administration (FHA) announced a change in housing finance policy that will make it easier for people to build accessory dwelling units (ADUs). The new policy allows homeowners, for the first time, to list…

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Family-Friendly Homes: Where is the Inventory?

By Reese Fayde / September 19, 2023 /

For years, younger adults would buy their first “starter” home of less than 1800 square feet in their late 20s, then graduate sometime in their 30s to a larger, family-friendly “dream home.” At retirement age, they would sell their dream home, downsizing as they moved into a smaller, more manageable home that would free them…

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Self Storage Units: A Help And A Hindrance

By Reese Fayde / March 20, 2023 /

Last November, I discussed decluttering as a pathway to downsizing and living your best Third Chapter life. In order to successfully downsize, many Baby Boomers turn to storage unit rentals, especially when they have a small window during which they are expected to move or finish decluttering their homes. Such units can cost anywhere from…

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A Deeper Dive Into Aging In Place

By Reese Fayde / February 28, 2023 /

It’s a phrase in danger of becoming a superficial buzzword from overuse. But “aging in place” is an important concept for Baby Boomers and those who follow us into our Third Chapters. This week, I take a closer look at aging in place — what it means, what to do to accomplish it, and the…

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Multigenerational Living: We Meant to Do That

By Reese Fayde / February 7, 2023 /

Multigenerational living is becoming a business model. The creativity and range of approaches is fascinating, using terms like “intentional” and “curated” to describe the planning and marketing efforts. While the demand for housing from people desiring to age in place grows, the industry of senior residences has not been able to keep up with the…

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