According to "bizjournals.com" Aging Houston baby boomers
have redefined every aspect of their lives. From jeans, to cars, to home
design, these boomers are now taking a hard look at their second homes.
The healthiest, wealthiest and largest group ever to surface
on the American landscape is borrowing more, traveling farther and purchasing
additional real estate, sooner in life. They are more adventuresome than their
parents, who comprised the pay-it-off, greatest generation. On the other hand,
boomers never met a loan they didn’t like and are proud to journey to distant
lands to buy and declare,
Boomers are buying abroad in droves, spearheaded by memories
of rediscovering their spring break Mexican jaunts, from 30 years ago. Some of
these people are the same movers and shakers who built their large homes on
small lots in the 1980s and moved to gate-guarded castles in the 1990s. Now,
armed with more home equity than they had ever dreamed, they are ready to have
fun and explore. They also are seeking the "cool factor" of dealing
with foreign laws, craftsmen and cultures.
The U.S. State Department reports approximately 4 million
non-military or embassy and military personnel U.S.citizens are living abroad, and more than 380,000 Social Security retirement
checks go to citizens outside the U.S.each month.
To continue reading ,visit http://www.bizjournals.com/houston/stories/2005/12/19/focus3.html





