No one knows for sure what baby boomers will do as they age. I am a baby boomer but on the younger end of the generation. The generation spans many years and I don’t think we will age or retire the same way and if we all wanted to move into some kind of senior housing we couldn’t because there won’t be enough of it. By staying put we are contributing to the shortage or homes for younger generations.
The first time I heard the term “NORC” was a couple of years ago at the West 7th Community Center. I had to stop the meeting and ask for a definition. NORC is an acronym for Naturally Occurring Retirement Community.
NORCs are very real estate related and they are not planned communities. Rather, they evolve as people:
- Age in place. Many communities house residents who raised families there decades ago and never left. They strongly wish to continue living in their homes of long standing.
- Move into the community. A pattern of in-migration often brings seniors into age-integrated communities, typically in urban centers, where the seniors have access to amenities, culture, and other activities.
- Move out of the community. Out-migration, typically reflecting the departure of younger residents from rural areas, leaves sizable populations of older residents behind.
I would rather have my own home refurbished or retro fit so I can stay put. I don’t buy into the idea that stairs are the enemy or that doors have to be widened for wheelchairs. I think leg exercises that involve resistance training and yoga are the way to go.
I would rather make my home more energy efficient and add more technology. Yet it doesn’t hurt to have a home with main floor bedroom and a main floor shower that could easily be converted to a roll in shower.
We tend to lump seniors into one group. There can be a huge difference between the over all health of a 65 year old and a 95 year old. There are 70 year olds who are caring for their elderly parents. I see it all the time. I also know people in their 80’s who have full or part time jobs. We have a 70 year old president and senators in their 80’s.