“A new study says they’re too costly, inaccessible and in the wrong places”
Richard Eisenberg | senior Web editor of the Money & Security and Work & Purpose channels of Next Avenue and Assistant Managing Editor for the next avenue
“Editor’s note: This article is part of a year-long project about aging well, planning for the changes aging brings and shaping how society thinks about aging.
“There’s another potential housing crisis coming and this one won’t be a collapse in home values.
“The nation is facing a lack of affordable, physically-accessible and well-located homes for America’s aging population — especially those with low incomes, according to a new, gloomy study released (two days ago) by the Harvard Joint Center for Housing Studies & AARP Foundation.
“‘You’ve got a scenario with the largest generation we’ve ever had moving into their senior years combined with the fact that longevity is increasing,’ says Jonathan Smoke, Chief Economist at Realtor.com, the site of the National Association of Realtors. ‘And we’re fairly ill prepared to address the housing needs and challenges of them.’”
