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The Global Economic Crisis 2009 – The Baby Boomer Generation Can Benefit

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The current economic crisis has placed baby boomers in a real dilemma. But many are finding success by joining an internet home based business opportunity.

Some boomers have lost their jobs. Others are feeling insecure in their jobs but are still employed. They are counting on a significant improvement in the economy so their companies can reach a level of financial stability. There are many others who are simply not happy with their job and want out.

They don't like working for a boss. They are sick of their daily commute. They are upset having only 2-3 weeks of vacation each year and being expected to work the other 49-50 weeks. They are looking for more control of their lives.

During my corporate career, there was another thing that really upset me. I feel that I missed a lot of my children's school activities while they were growing up. So when there was an important school play or musical or fair, I asked my boss for a couple of hours off so I could attend. Most of the time, he gave me a "this is the end of the world" response. I wasn't happy about that. You have probably experienced the same thing.

So many baby boomers have been hurt by the global economic crisis 2009. For many, retirement savings have been slashed. Their investment portfolio has been hammered. Many relied on the equity in their homes to downsize and live a comfortable life. Unfortunately, the fall in housing prices has negatively impacted the money they had planned for retirement.

I read many articles about how the baby boomer generation has been seriously hurt by the current economic crisis. Yes, some have been hurt, but I believe that they will rebound strongly.

I personally feel that the baby boomer generation will recover. I feel that I am qualified to give my opinion since I am slightly older than this generation.

I know many baby boomers. I feel that they are smart. Many are well educated. They are aggressive, willing to take risks, and creative. Many of these people have had successful careers. They are basically "giving" people. They seem to always be willing to help people. All of these characteristics will help them succeed during and after the global economic crisis 2009.

Many will go after other jobs that they find more satisfying. Others will take a risk and switch into other vocations.

Many join an internet home based business opportunity. The average baby boomer possesses qualities that will help them have success in this type of business.

The baby boomer has the life experience of living through other serious economic downturns. They can lead people from younger generations through the global economic crisis 2009.

I heard a presentation by Erica Combs a few months ago. Erica is the wife of Jeffrey Combs, a motivational speaker, a coach, and an entrepreneur.

Erica made a statement that I though was very powerful. What she said has really stuck with me. I will only paraphrase her comments since I don't recall her exact words. She said that we all have lived through some negative experiences in our lives. Too many of us let those experiences bog us down. They prevent us from living positive, giving lives.

Then Erica added a statement that I thought was very important for each of us.

She said that our past (both positive and negative experiences) have brought us to our current situation. These experiences allow us to write a beautiful story from this point forward in our lives. What is Erica saying? For me, it says that you should not allow negative experiences in the past hold you back. You may have lost your job. You may be feeling insecure in your current employment situation.

You may have had other negative situations in your life. But those negative things have provided you with the life experiences that will help you live a powerful life from this day forward. This is why I feel that baby boomers are in such a perfect position to succeed in an internet home based business opportunity.

It gives you the opportunity to help people. You have the potential to create unlimited income. You are no longer working for someone else. You run your own business. It allows you, the baby boomer, to determine your life purpose and how to live out this purpose. I personally feel that this is what life is all about.

Starting a successful internet home based business opportunity is not always easy. You must get excellent internet marketing training. You must work hard. You must be determined and persevere. But the good thing is that most baby boomers possess these qualities.

Brian Wilson and the Zombies in Concert: Something Great from 1968

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(Pixabay)

Fun, fun, fun with the heart and soul of the Beach Boys.

Nineteen sixty-eight was a year of cataclysms in the United States and the Western world. We endured the assassinations of MLK and RFK, the Vietnam war raged and polarized the nation, and rioting engulfed multiple American cities, while the Soviets saw their chances and took them by invading Czechoslovakia, deposing leaders who favored limited freedoms and replacing them with loyal totalitarians.

What, then, was so great about 1968? Two noteworthy rock-and-roll bands with numerous hits back then, now touring together, that’s what. The present-day collaborators, 51 years later, are the Zombies, from Britain, and California-raised musical icon Brian Wilson, founder of the Beach Boys. Hence the theme of the Zombies–Brian Wilson U.S. tour: Something Great from ’68.

The concert took place at the landmark Beacon Theater on Manhattan’s Upper West Side, the ground-zero neighborhood for “progressive” politics, as evidenced by the long career of Representative Jerrold Nadler. Some in the audience wore their political viewpoints on their heads and T-shirts. But in perhaps an unintentional nod to Laura Ingraham’s “Shut up and sing” counsel, there were no political pronouncements from the stage at all.

Opening the festivities were the Zombies, 2019 inductees to the Rock and Rock Hall of Fame. Two of the band’s original five members, now both 74, led the group to the stage. Rod Argent is the composer of most Zombie songs, and is quite a keyboardist, demonstrating his dexterity on the organ, piano, harpsichord, and mellotron. Many vocalists lose their range at much younger ages, but lead singer Colin Blunstone impressively replicated his portions of the group’s mega-hits from the Sixties.

The band offered some of their catchy newer songs, written by Mr. Argent. Repeating a pattern we’ve seen at concerts over the decades, the old hits were what brought the crowd to its feet. “Tell Her No,” “Time of the Season,” and “She’s Not There” took Baby Boomers like me back to our youth, and these renditions were as close to the original 45-rpm vinyl recordings as is humanly possible.

Next came the main attraction, Brian Wilson, accompanied by original Beach Boy Al Jardine, some-time Beach Boy Blondie Chaplin, and a truly impressive eleven-piece band. Brian’s cousin, Mike Love, who has the rights to the Beach Boys name, leads his own first-rate group playing the same tunes. If you like the Boys’ music, you’ll enjoy both bands. In 2012, Brian Wilson and his group reunited with cousin Mike’s Beach Boys for a memorable tour, but they then again went their separate ways. There was talk of the two groups reuniting, but that hasn’t happened as of this writing.

The theater’s stage hands quickly exchanged the Zombies’ drum set and equipment for those of Brian Wilson and his band, including the white piano behind which he sat and sang for the concert. As the ensemble members strode to their appointed places on the stage, everyone rose to their feet. Then came Brian Wilson, pushing an unexpected walker and triggering an ear-piercing ovation from 3,000 fans. As he was assisted to his seat, the applause and cheers continued.

During the summer, Wilson cancelled some of his tour dates, explaining that his recovery from three recent back surgeries was an ongoing challenge for him. But in his statement he elaborated that he also had been feeling “mentally insecure,” and adding that “it is no secret that I have been living with mental illness for many decades.” In his autobiography, I Am Brian Wilson, he acknowledged his anxiety and other demons, past use of drugs, and coercive relationships with his father and, decades later, with [[Correct?]] a psychotherapist.

Wilson is still gripped by stage fright before every concert and calms down only when the music commences. At that moment, we are all transported by Wilson’s lyrics, the singers’ harmonies, and some of the finest guitarists, percussionists, and keyboarders anywhere. His “Good Vibrations” has been praised as the best-produced rock recording of all time, and the “Pet Sounds” album was ranked No. 2 on Rolling Stone magazine’s list of the top 500 albums of all time.

Al Jardine did most of the speaking for the group from the stage, so we can surmise that Brian wasn’t feeling up to his traditional role. Future concert attendees should not expect Brian Wilson to hit his famous high notes from the 1960s. He kicked off most songs with his deeper, 77-year old voice but was then soon complemented by harmonies and accompaniment from the others. Al’s son Matthew Jardine positively emulated Brian’s old higher-pitched lyrics. Sorry to echo my own comment about the Zombies, but for Brian and many other rock and roll bands, it’s the old hits from the ‘60s and ’70s that get the audience stomping and cheering.

Even if you have no yearning for songs about surfing, muscle cars, and love in California, it’s difficult to imagine someone not being moved and set to toe-tapping by the uniquely American “Fun, Fun, Fun,” “Good Vibrations,” “California Girls,” “Help Me, Rhonda,” “Wouldn’t It Be Nice” (Paul McCartney’s favorite non-Beatles tune), and many others.

Consider that last song, written in the midst of the sexual revolution: The teen male singer laments that his age prevents him from marrying his dream girl. “Oh, we could be married . . . And then we’d be happy . . . Wouldn’t it be nice?” young Brian first intoned. Imagine a paean to marriage in 2019! We rarely hear one from our pulpits.

These ditties were the soundtrack of the 1960s and ’70s, and not just in the United States. The Beach Boys and Brian Wilson sold out concert halls on all the populated continents. One Boomer friend in Berlin volunteered that he enjoyed his first kiss as a Beach Boys tune was playing on his German radio station.

With all the focus today on mental health and how best to get care to those in need, Brian Wilson deserves our admiration for his honest elucidation of the anxiety and other disorders he faces and stares down on a daily basis. For millions, he is a genuinely sympathetic figure and a living public example of someone who is “working it through,” as they say. Let’s hope this American musical genius can continue bringing his sublime American sounds to a venue near you.

Herbert W. Strupp — Herbert W. Stupp served in the administrations of Presidents Ronald Reagan and George H. W. Bush and as a commissioner in the cabinet of New York City mayor Rudy Giuliani.

Illinois Manufacturing Month to Highlight Careers

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October is Illinois Manufacturing Month and more than 200 events planned around the state to highlight the 19,000 manufacturers in Illinois and the jobs they offer.

Gov. J.B. Pritzker proclaimed October “Manufacturing Month” in Illinois as part of an effort to underscore the importance of National Manufacturing Day, which is recognized nationally on Oct. 4.

Jim Nelson, executive director of the Illinois Manufacturers’ Association Education Foundation, said one of the main focuses of the month is to raise awareness about career opportunities in manufacturing. Nelson said the manufacturing careers don’t require a four-year degree.


Click here for summary

Open houses are scheduled at manufacturing facilities across the state.

“It’s important for manufacturers to open their doors to the public to show that the industry is high tech, with shop floors showcasing cutting-edge technology,” Illinois Manufacturers’ Association President and CEO Mark Denzler said. “Manufacturing is not the dark, dirty and dangerous profession of the past.”

Attracting new members of the manufacturing workforce in Illinois is important to the Illinois Manufacturing Association.

Nelson said one of the issues the association has worked to address was “building a better line of communication between industry and the education system so that we’re keeping the skills gap as narrow as possible.”

In addition to ensuring a more skilled labor pool, another challenge for Illinois manufacturers is attracting younger talent. Nelson said the average age of a manufacturing worker is 52, which is down slightly from a previous age of 54 years old.

Nelson said the number of people going into a career in manufacturing is down. He points out that as baby boomers retire, the number of people lining up to replace them has shrunk. Nationally, an estimated 300,000 baby boomers will retire over the next decade. The Illinois Manufacturing Association says Manufacturing Month provides “a window for millions of school kids nationally to get an inside look at the incredible opportunities that exist through pursuing a career in the manufacturing industry.”

The Illinois Manufacturers’ Association said the manufacturing industry in Illinois generates $304.8 billion in economic output each year, which accounts for the single largest contribution by any industry in the state. According to statistics provided by the IMA, across Illinois, manufacturers directly employ 592,200 workers. The average manufacturing salary is $88,691, which the IMA said provides a total of $52 billion in wages and benefits across Illinois.

(Copyright WBGZ Radio / www.AltonDailyNews.com)

Baby Boomers – Too Old For Sex?

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All of us go through many cycles of connection with all sorts of people during our lives. Those relationships can be casual, social or romantic. By far, the most exciting, regardless of our age, are the romantic relationships that lead to sexual encounters.

Sex is still an interest of Baby Boomers at any age. Aging does not change sexuality and for new lovers over 50 the only difference might be in techniques or speed of arousal. Medical research has developed assistance for both men and women to increase intimate personal pleasure. That research has been a boon to long-time partners living with diminishing sexual prowess.

Boomers grew up in an environment with fairly limited opportunities for a lot of romantic or sexual partners before they settled down and married. The fifties, sixties and even the seventies were not as free-wheeling and open about sexual encounters as they are today. Dates were often arranged with friends or found at school or work. Our parents knew the parents of the people we were dating and there was a certain security in that small town or neighborhood association.

Today, it's much different for Baby Boomers suddenly without a spouse, for whatever reason. The loss, through divorce or death, of your life's partner is traumatic and will take some grieving and healing before you can think about sex and a new intimate partner. That's normal.

The methods available for finding companionship or love are far different than they were when we were young. Some of the traditional avenues for making connections with people, like using personal ads in newspapers are not so useful today. And, to compound matters, the options available now, with the Internet, are scary to many Baby Boomers not used to the strange resources and terminology their grandkids grew up with.

In fact, just the thought of looking for a date or actually asking a stranger out to dinner or a movie can be very scary. There are several methods you can use to calm the scary feelings and find companionship that could lead to a satisfying sexual relationship.

Check out the online dating services. Many are specifically focused on seniors. Google "senior dating" and you will have more than enough sites to check out. After joining a site, you can browse photos and read profiles. Most contact starts out as emails or posts, so there is no pressure while you meet people and email back and forth. One of the major benefits of using online dating sites is that you can remain essentially anonymous, which should ease the scary feelings.

Quite a few couples find that sex as a Baby Boomer gets better as they age. The usual distractions and stresses that plagued your lives when you were younger, like jobs and raising children, are gone now and the energy you spent supporting and raising a family can be spent on pleasing each other.

Being able to communicate openly with your partner about sexual needs will draw each of you closer to the other and improve intimacy. At times Baby Boomer sex will require a little creativity to find positions that please both of you and accommodates older bodies. Passionate feelings can be heightened by gentle touching and kissing or slow massages.

Finally, remember that there are no rules about what you should do or should expect when you are in a passionate relationship. The best time for sex is when both of you have the most energy. If it takes longer to get aroused, start earlier.

A romantic dinner highlighted with candlelight and soft touching or holding hands can go a long way to set the mood. Or you might try a surprise night in a luxury hotel suite and have that dinner delivered by room service after sharing a warm bath.

Passion and the need to be connected to someone special is a natural human need. Age has nothing to do with it. So, turn on your creativity and have fun.

Baby Boomers, Extra Income and Financial Wellness

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To be facing the most serious financial trials, at this time in our lives, puts baby boomers in a rather tough spot. 10% unemployment, home prices down 40-50%, we have no idea what health care reform is going to look like, all with the next off ramp being retirement. But, it is what it is, so we must continue to strive, despite the prevailing obstacles.

This dilemma is behind what financial wellness is based on, a mindset of reducing any and all budget items in the home, while at the same time, constructing an environment for earning extra income. If we sit around and complain, we forfeit control of our abilities to influence our finances. We are at the whims of our employers or whoever is at the source of our income.

The 10 Opportunities listed below, will give you ideas on the types of businesses you might look at starting. Remember, it must be something you enjoy doing, otherwise it will be difficult to maintain essential enthusiasm. Many baby boomers have spent their entire lives on jobs they didn't much enjoy. So maybe, it's high time we took something we do enjoy and convert it to an income source. Let's take a look:

1) Calligraphy Business. The art of beautiful handwriting could be a successful part time business for the individual who enjoys this type of creative expression. For invitations, greeting cards, announcements, certifications, etc. A set of calligraphy pens will get you started, available at your local art supply store. For books that instruct how it's done, check your local book stores.

2) Baby-sitting Business. Yes, you can make a very respectable income taking care of other people's kids. The furious pace that many mothers maintain requires they get some relief every now and then, and that's where you come in. You can take it a step further and be a baby-sitter broker, advertising your business while having several baby-sitters on-call. This way your clients are assured of having a sitter whenever they need one.

3) Party Planner Business. Everybody loves a Party. Being a planner for businesses and individuals is exciting and profitable, You arrange the entertainment, music, food, decorations, invites, etc. Find your nearest party supply store, and advertise your services and pick up everything you need right there.

4) Pet Boarding Service. People's pets are legit family members. They want assurances their pets are well taken care of while they're away on vacation, business trips, etc. You provide a "home away from home" for their pets, and your clients enjoy themselves, knowing their pets are in excellent hands. If you enjoys dogs, cats, birds, etc. and have an adequate facility to house them, this could be for you.

5) House Cleaning Service. There is an expanding market for maid service. With the population getting older, and two working outside the home, more couples are looking for help keeping their homes fresh and clean. Off course no training is necessary, and the required equipment, you probably already have. And if you do good work, word of mouth advertising travels fast. Be prepared to pick up new clients.

6) House-sitting Service. With everyone constantly on the go, home owners, quite often need help watering the plants, feed their pets, picking up the mail, etc., hence the burgeoning house-sitting industry. You can even manage a group of house-sitters, and take a percentage of every job. Reading books on how to run a house sitting business, will be extremely beneficial.

7) Lunch Delivery Business. Do you enjoy cooking? Do you have a dish that family and friends rave about? Convert in to profit by delivering to local offices. Create a menu with your specialties listed and provide every office with a copy. Or you can provide lunch to offices with the food supplied by a local restaurant. Highlight their specialties, negotiate a reduced price for each order, and the mark up will be your profit.

8) DJ Service. Many events put on by organizations and private individuals require music. If you enjoy music and have access to many different genres, have a powerful sound system portable enough to haul around with easily, you could be spinning the tunes at weddings, anniversaries, office parties, etc. You could even promote a dance at a local facility and charge, per couple or single. Make it happen!

9) Apartment / Roommate Finder Service. If you've got a home computer, become an apartment broker, putting renters together with empty apartments. If you list open apartments at no charge to the owners you'll have a large inventory of available places for your prospects to choose from. Print and circulate a list of available rentals. This could be big!

10. Bicycle Repair Service. Like working with your hands? The profits available in bike repair are plentiful. Part time bike mechanics command $ 20-30 per hour! And the popularity in bicycles will continue to climb with gas prices and people being encouraged to get more exercise. The tools required are inexpensive and easily accessible. Become familiar with bicycle clubs in your area and advertise in the usual outlets. Turn some wrenches and generate cash flow!

Every time I look over these opportunities, I get excited about the possibilities. I'm in the process of starting at least 3 businesses in 2010, to replace my "job" in the IT field! If you have any questions, don't hesitate to contact me. Don't let the current economic woes put you on the sidelines. Get in the game, and take your cuts! Find something you enjoy doing and convert it to income. You'll be amazed how much you'll learn about yourself and about business!

Who uses social media the most?

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Image: Global Web Index

Our world has never been more connected than it is today.

Nearly two-thirds of the world’s population is plugged into the matrix, with over 4.4 billion internet users across multiple device types. We use these devices for work and for play—and social media has altered the way we interact both online and offline.

Today’s infographic from Global Web Index compares key generational and regional differences of social media use based on data from nearly 114,000 internet users, highlighting how pervasive social media has become in our lives.

Note: China is excluded from the usage data regarding specific social networks and apps.

From age to age: social media by generation

How does the use of social media vary by generation?

Boomers currently rank last in nearly every category and metric when it comes to technology and social media use. This generation didn’t grow up inundated with technology in the way today’s youth are.

However, Boomers are showing the greatest increase in activity on social media platforms. For example, usage of Instagram and WhatsApp is up 59% and 44% respectively for this group since 2016, which is more than double the global average.

Also known as the ‘MTV Generation’, the Gen X group was the last generation to grow up before the Internet truly took off. The early years of this group were marked by a burst of new technologies, from wireless phones to personal computers.

On average, Gen Xers spend nearly two hours on social media per day—less than Millennials and Gen Z, but more than Boomers.

Perhaps surprisingly, Millennials show a slow down in the time spent on social media. From 2017-2018, screen time for Millennials on social media decreased by one minute, to 2 hours 38 minutes per day. This trend points to Millennials seeking real-life experiences and better engagement from the brands they interact with online, rather than passive scrolling.

Other factors also play a role in this evolution─nearly 50% of Millennials admit that their activity on social media has caused them to overspend to impress their networks.

Gen Z is the first group in history that has never known a world without the Internet. Immersed in the online world since birth, Gen Z surpasses Millennials in daily activity on social media with 2 hours 55 minutes spent per day.

North American, Latin American, and European Generation Z-ers lead in the number of social accounts they’re actively using. Many are also moving away from platforms like Facebook in favor of multimedia-heavy sites such as YouTube and Instagram.

Social media by the numbers

Social media sites measure the number of unique users on the platform each month as a metric of success. Below is a snapshot of the five major social media sites shown in today’s graphic and their active user count.

Monthly Active Users (MAU) as of July 2019

Even more striking is what happens in a social media minute:

41.6 million messages sent over Facebook Messenger and WhatsApp

347,222 people are scrolling Instagram

87,500 people posting to Twitter

4.5 million videos on YouTube being watched

Social media’s role in retail

Social media has evolved from simply keeping us connected to our friends. Users can now access career tools, engage with their favorite companies, stay current with global events, and find love.

Across all regions and generations, social media has propelled e-commerce into the limelight. More than ever before, social media sites are being used for product research, brand engagement, and online purchases. For example, Instagram now offers one-click shop features that allow users to buy what they see immediately, with a simple tap on their screens.

The greatest growth in e-commerce, however, has been the influencer industry. These star-studded internet personalities boast massive online followings from a wide range of demographics—and companies are taking notice.

In 2018, 72% of major brands stated that they were outsourcing a significant portion of their marketing resources to online influencers. Followers feel as though they’re getting a product recommendation from a friend, making them more likely to buy quickly.

Despite the rate of social media growth slowing down, social media use is still growing. From 2017 to 2018, the average person increased usage by three minutes per day, while becoming a new user of 0.8 social media accounts.

Social media is a broad, multi-faceted, and complex industry that appeals to a wide range of cultures, age groups, and personalities. While growth in social media activity may be slowing down, a growing global population may mean we’ll see more opportunities to stay connected.

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Baby Boomers and the Midlife Transition – On Turning 40

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Remember what it was like to tell your birthday by halves. "I'm 9 and a half", we'd proudly say.When was the last time you or anyone else said, "I'm 39 and a half ?.

EEKS – I'm turning 40 me

There's something about turning forty. Lately, more than three million baby boomers turn 40 every year. There seems to be something about that age that turns most people inward for a time of reassessment and often reinvention. Now more than ever, millions of people are experiencing a mid-life transition. How is it affecting you? And how are you handling the emotional and even spiritual changes?

A large number of baby boomer are at this time of transition. When we first started school, we sat in small desks and were taught Look Spot Look; Run Spot Run – by teachers who were still children themselves .. My dad worked for GE, so we had one of the first TV's on the block and we grew up with our family and friends surrounding those 9 inches. Our world then was filled with hope.

Most of us graduated from high school in the '60s and at least in my neighborhood, we all went on to college. Once through, it was somewhat easy to get a good job, with a decent salary and soon we were even able to buy homes. My first house cost a little more than my car did today! (Okay – so, I drive a pretty nice car ;-))

The Earlier Baby Boomers

Unlike the baby boomers born later, those of us at the older edge found it easier to live our dreams. It wasn't that we had more talent or intelligence. We actually came from a different time. Being born earlier had it's rewards. But, what I have noticed is that once a person achieves their original goals and a semblance of financial success, that's when true crisis of life purpose sets in. Actually, it doesn't have to be a crisis at all. When you find yourself asking, "Is that all there is?" rejoice. You are now in the period of life that Wayne Dyer has recently called, From Ambition to Meaning. Years ago, Jung labeled it the afternoon of our lives. It is a time to truly discover why you are here.

The Age 40 Transition

When the older boomers began turning 30, they began to experience what adult learning theorists and in particular, psychologist Daniel Levinson, called the "Age 30 Transition." This is a period where we come to realize that our childhood is finally REALLY behind us and it's time to enter the adult years. People like Gail Sheehy wrote books that helped assure us that what we were going through was in fact, no different from what generations before us experienced. But turning 40 is more significant. It is truly the midlife transition. It traditionally has called for greater self-reflection and often even greater lifestyle change. People turn inward during this time and begin to truly question their priority. How much is enough? What do I want to do with the rest of my life? Who am I being and what kind of legacy do I want to leave to my children? It is totally normal for us, during the years of mid-life, to do a substantial re-evaluation and subsequent reinvention of our lives.

Many of us find that what we thought was going to make us happy isn't working anymore. We may have enjoyed going to school, getting a business degree and the first few years of working in business. But the thought of going to work every day for someone else has stopped being fulfilling. We may have enjoyed the first few years of teaching, but the thought of being a teacher (or fill in the blanks) for another 20-30 years feels worse and worse every day.

The greatest question a 40 something needs to ask – is "What REALLY makes me HAPPY?" That's the ONLY thing that matters in life. Some people are only happy when they have a lot of money in the bank; others when they have more time with family and friends. Actually, we can all choose to be happy right now, right where we are. Until we do, we'll never be able to move from this place. Happiness is a choice. And, at the same time, asking the question can move us through the mid-life transition with ease and grace- and we can have fun in the process.

Focusing on Millennials for Real Estate Investors | Think Realty

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Millennial-Home-Buyer

Millennials make up the largest group of homebuyers, according to a National Association of Realtors report, but so far their home ownership is at a lower rate than their parents and grandparents.

However, this may be changing. A study from Chase Home Lending reported that 52 percent of first-time Millennial homebuyers are ready to make that purchase.

“They are starting to realize the importance of homeownership,” Sean Grzebin, head of consumer lending at Chase Home Lending, told CNBC in May.

For rehab investors, the Millennial buying power should come as a welcome prospect to offer renovated homes that can meet the desires of this age group – including affordable price points in urban areas with distinct features.

Why the Focus on Millennials?

At the current pace, Millennials are projected to outnumber Baby Boomers this year. Pew Research estimates that Millennials will account for 73 million people in the U.S. and Baby Boomers will number 72 million.

Millennial households – consisting of individuals 22 to 37 years old – are earning more than ever with a median income of $69,000 according to a Pew Research Center analysis. This makes it even more important for builders and fix and flippers to create products that appeal to this group of buyers. 

Lower Price Points Attract Millennial Buyers

Typically, based on median prices, fix-and-flip investors have had an advantage over their counterparts who build new construction homes.

The median sale price for a fix-and-flip, according to Mashvisor was $215,000 through the first quarter of 2019. The national median home sale price is $259,600 as of March, according to NAR. This nearly $45,000 difference is a sizeable advantage.

In an effort to tap into the Millennial market, builders are creating smaller, more affordable homes to attract this demographic. According to a July Forbes article: “Most builders are adding homes with lower square footages in order to make sure they have something that is affordable to this group.”

Millennials Happiest in Cities

With Millennials known as an “urban generation”, they want to live, work, and play in walkable, exciting areas. The recent article “No urban malaise for Millennials”, published in the journal Regional Studies, shows Millennials are happiest living in a city.

There are limited new home construction options in cities, which gives an advantage to rehab investors. Purchasing existing older urban homes to rehab and sell to Millennials is a real opportunity.

Enticing Millennials to Purchase Rehab Homes

Millennials are a different breed of homebuyer. They are less likely to purchase a home that requires DIY work. Fix-and-flip investors meet this need, as well as consider amenities and designs that cater to this generation. 

A few home features that stand out to the Millennials are energy-efficient appliances, solar panels, and open floor plans.  It’s also no surprise that this age group is extremely tech-savvy. Flipping houses that are capable of incorporating smart in-home technology is a bonus, from smart plugs to having good WiFi reception.

The Millennial Opportunity

By using the advantages of the buy-fix-sell model to meet the needs of the Millennial market – affordable housing in urban areas with enticing features – real estate investors have a growing opportunity to capture Millennial home buying power.

Gel Baby Boomer Nails Manicure Tutorial

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Gel Baby Boomer Nails Tutorial

In this video I will show you step by step process of creating hard gel baby doomer design or french fade. You can use any color, but traditional baby boomer is white + nude or pink.
Do you do gel baby boomer nail design?

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NSI Body Builder Cover Pink Warm –

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