Friday, August 05, 2005

A Baby Boomer is Building My Vacation Home

In a few years, after the dust has settled from the housing bust, I think I might by a second home somewhere out west or maybe up in New England. I’m pretty confident that a significant number of vacation type houses (with granite counter tops) will be up for sale given the building boom going on now that is being financed by boomers cashing out of there 401k accounts.

["It’s a Baby Boomer’s playground," said Reid as he walked a visitor through the first house in the development, currently under construction. Black Rock Falls will be the first upscale vacation development in this town where modest vacation homes now sell for $160,000 to $250,000, a four hour-plus drive from Charlotte, N.C.]



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