Thank GOD – Good News
June 10th, 2010
Even with the growing turmoil in the housing sector, the area of senior’s housing and care has held its own. That along with a maintaining interest in vacation/investment properties is proving to be the only good news since the bubble burst sending people out in all directions. People lost homes, credit companies closed down overnight and many more of these bad incidents that showed the worsening financial turmoil overshadows more positive news. The elderly are also in trouble for current statistics show that the upcoming batch of retirees would not have enough finances to last their whole retirement. Why, well inflation has eaten bites out of their already saved up stores and rising costs associated with health care and other needs are sure to tax heavy on those same stores the economy continues to slide as more and more suffer from the consequences that all began with too much money being lent to those who couldn’t pay. When the bubble popped, it took a lot of homes and lives with it, ruining most, leaving them without decent housing. Seniors are going strong for now, but for how long, that is the question.



