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Q: Infortmation Related to baby boomers ( No Answer,   1 Comment )
Question  
Subject: Infortmation Related to baby boomers
Category: Business and Money
Asked by: scal5-ga
List Price: $200.00
Posted: 27 Feb 2006 07:23 PST
Expires: 10 Mar 2006 07:06 PST
Question ID: 701461
This is a multipart question:
I need to find out the approximate number of 50+ retirement
Communities that are already built with and average value of at least
$325,000 in the following states:
NJ (Please breakdown North, Central, and South)
NY (40 Mi Radius of Manhattan)
PA (30 Mi Radius of Philly)
CT (30 Mi Radius of Hartford)
MA (40 Mi Radius of Boston)
Also need to know the average # of Units in each Community

Next, the approximate # of people either moving or turning 50 in the
above states in the next year, 5 years, 10 years?

Finally, what percentage of those people will use the internet?

Request for Question Clarification by pafalafa-ga on 27 Feb 2006 07:53 PST
Can you clarify what you mean by a "retirement community"?

$325,000 is the price of a smallish house, these days.  It's hard to
imagine an entire retirement community with a value of only $325K.


Thanks,


pafalafa-ga

Clarification of Question by scal5-ga on 27 Feb 2006 08:01 PST
I am referring to an active adult community (ones built by Toll
Brothers, K Hovnannian, ect) NOT assisted living communities (i.e
Sunrise Assisted Living)

As for the hosue value, I was referring to the average home price in
the community, not the entire community itself.  I agree, 325K was too
small I would bump that up to $400K as the average value of the house
in the community.

Please let me know if you need anymore information or clarification.  

Thank you for your help.

Clarification of Question by scal5-ga on 28 Feb 2006 09:03 PST
Just to clarify I just need general numbers not specifics.  I am not
interested in the names of the communitites or who built them just the
approx #.  Even if you can't get all the states I am more interested
in NJ and MA. Again, the same goes for the amount of individuals
turning 50 or be moving into NJ or MA in the next year, 5 years, 10
years.  Ideally I would like as much information as possible for each
state but more interested in NJ and MA.  I am willing to give at least
100% tip for this information as its extremely important to me.
Answer  
There is no answer at this time.

Comments  
Subject: Baby boomers
From: testifier-ga on 01 Mar 2006 21:58 PST
 
As for NY:
1 out of 13 possible communities in New York.
There are 64 units available for seniors there.  
There are a total of 190,905 persons at least 65 there.
There are 1,301,911 that are classified as all other there; of which, 
240,000-268,000 should be between 50 and 65.
Roughly 78-82,000 should be turning 50 every five years.
FITS: average of $1,000,001
==========
As for PA:
1 out of 30 possible communities in PA.
There are 74 units available for seniors there.  
There are a total of 207,231 persons at least 65 there.  
There are 1,2652,859 that are classified as alll other there; of which, 
41,761-48,000 should be between 50 and 65.
Roughly 14-15,700 should be turning 50 every five years.
**As for info about this city; I remember from researching WSJ, a
study in 2004, that it was the first in the nation to become wireless
Doesn't fit the constraint @ average of $59,700
=========
As for MA:
0 out of possible communities known of in Massachusetts.
There are a total of 60488 persons at least 65 there.
There are 521,127 that are classified as all other there; of which, 
152,237-156,000 should be between 50 and 65.
Roughly 50,745 should be turning 50 every five years.
Much higher likelihood of Baby boomers being wired than Conneticut.
Doesn't fit the constraint @ average of $190,000
=========
As for Conneticut:
0 out of possible communities known of in Conneticut.
There are a total of 21,609 persons at least 65 there.
There are 125,391 that are classified as all other there; of which, 
33,460-35,200 should be between 50 and 65.
Roughly 11,153-11,880 should be turning 50 every five years.
Doesn't fit the constraint @ average of $147,300
========
As for NJ: 
0 out of possible communities known of in New Jersey.
In Southern New Jersey; 
There are a total of 114,000 persons at least 65 there.
There are 755,300 that are classified as all other there; of which, 
200,738 should be between 50 and 65.
Roughly 66,912-72,345 should be turning 50 every five years.
The property value contraint doens't fit.
-
In Northern New Jersey;
There are more areas that could fit the mold of 375K;  this is the
highest average of all, at roughly $271,000
There are a total of 77,937 persons at least 65 there.
There are 692,199 that are classified as all other there; of which, 
187,951 should be between 50 and 65.
Roughly 62,650-64,000 should be turning 50 every five years.
The property value contraint doens't fit; although is the closest.
-
In Central New Jersey;
There are more areas that could fit the mold of 375K; this is the
second highest average of all(in New Jersey), at roughly $217,000
The property value contraint doens't fit with highest area being at
around $207,000.
There are a total of 1786664 persons at least 65 there.
There are 1,566,904 that are classified as all other there; of which, 
421,429 should be between 50 and 65.
Roughly 421,429-425,000 should be turning 50 every five years.
This question definitely generated my curiousity as I follow
realestate appreciation.  I hope this is sufficient.

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