One Property Recruitment’s Post

As our population ages, the need for more age-appropriate housing becomes increasingly critical. This insightful article from Estate Agent Today highlights the growing demand for properties designed to meet the needs of older adults. From accessibility features to community-focused living spaces, it’s essential that the housing market evolves to support our aging population. For landlords and property managers, this is an opportunity to adapt and invest in creating homes that offer comfort, safety, and independence for older tenants. Read the full article to understand the challenges and opportunities in this important sector: https://buff.ly/4cJCrDQ #AgeAppropriateHousing #PropertyManagement #HousingForAll #SeniorLiving

Our new article examines the dynamics of land lease communities in Australia! Delving into production, consumption, management, and exchange, it sheds light on hybrid housing options for older adults.

💥🏘 NEW OPEN ACCESS RESEARCH: Older people's housing in land lease communities What are the hybrid housing options for older Australians that combine renting and owning? How do these work? What are the outcomes for people as they age? What are the policy challenges and opportunities? Piret Veeroja, PhD and Kath Hulse address these questions in new evidence: Centre for Urban Transitions #housing #renting #ageing https://lnkd.in/gZJ6hQXU

Chronic undersupply of Seniors Housing looming, JLL finds: https://lnkd.in/enCiKbrP cc Anthony Oldfield #btrnews #btr #buildtorent #laterliving #seniorshousing #residential #builtenvironment

🌟 Is Senior Living Affordable in 2024? 🌟 The senior living sector has shown incredible resilience, bouncing back after the unprecedented challenges of COVID. Occupancy rates are up, ⬆ labor costs have stabilized, 💸 and strategic resident rate increases have fueled recovery. But there’s a critical issue that remains—affordable senior housing. 🏘 Did you know that nearly one-third of older adult households are considered “cost-burdened,” spending over 30% of their income on housing? 🤔 And within that group, more than half are paying over 50% of their income just to have a roof over their heads. 😮 There's an urgent need for more affordable options to ensure all seniors can access quality living conditions. 📢 #SeniorLiving #AffordableHousing #ElderCare #HousingCrisis #RealEstate https://lnkd.in/enaj--u8

Housing Affordability We all understand the power of tangible goals. The allure of a clear finish line drives us to extend our efforts, enhances our dedication, and compels us to make significant sacrifices. Such objectives not only offer mental well-being through security and purpose but also enable us to provide for our families and ourselves more effectively. In short, humans are motivated by finish lines. And we're healthier and happier with security, purpose and the ability to provide for ourselves and our families. When you make the reach of home ownership too impossible to achieve against a backdrop of working as hard as you can and sacrificing as much as you can, then you severely undermine motivation and capacity to provide. In short, you negatively impact the human spirit. This problem calls for all brains to the table and in the spirit of there being no stupid ideas, here's the start of one. https://lnkd.in/gQKB3wbq #housingaffordability #housingsupply

The demand for affordable housing has always existed and will continue to do so… And mobile home parks represent one of the most affordable housing options available. With roughly 25 million households earning less than $25,000 annually, the maximum that this group can afford for housing is typically between $500 and $700 per month. Additionally, the baby boomer generation is retiring at a rate of about 10,000 per day in the U.S. Unfortunately, many of these retirees will rely solely on an average social security income of $14,000 per year, with little to no savings or pension. Considering that the average lot rent in mobile home parks is around $300 per month, it's evident why these parks are the most affordable living option. Where else can you find a 2 or 3 bedroom home with a small yard for around $300 a month? Certainly not in an apartment building.

In support of workforce housing construction, employer-assisted housing, new federal dollars in support of middle-income housing, and a persistent both/and approach to housing affordability challenges.

🏠💡 Innovative Solutions for Canada's Real Estate Challenges: As a leader in the Canadian real estate landscape, I'm passionate about tackling our nation's pressing issues with creative solutions. Today, I wanted to share an "out-of-the-box" idea that could address three critical challenges: housing supply, long-term care, and the burden of high living costs and taxes. The concept I'm proposing draws inspiration from successful strategies worldwide, customized to fit the unique Canadian context. Let's dive into it. Many of us, as "younger" Canadians, face the complex task of caring for aging parents who wish to age in place. Often, they reside in larger homes that are becoming increasingly difficult to maintain, located far from their children. The solution? Encouraging multi-generational living arrangements with tangible benefits. For those able to accommodate their elderly parents, we propose offering caregivers tax incentives to alleviate their financial burden and support the cost of care. Additionally, providing renovation grants can help adapt living spaces to ensure accessibility and facilitate at-home nursing or personal support worker (PSW) services when needed. What's the impact? This approach addresses multiple issues simultaneously. It stimulates housing supply by freeing up larger homes as older individuals sell their properties. It eases pressure on long-term care facilities, ensuring they can focus resources on those in critical need. Furthermore, it provides crucial support to younger families facing financial strains, while also fostering the creation of additional living spaces within existing homes, such as basement apartments. Additionally, Research consistently shows that proximity to family and loved ones can have profound positive effects on the health and well-being of aging individuals. Studies indicate that seniors who maintain close relationships with their families experience lower rates of depression, anxiety, and loneliness. Moreover, being surrounded by familiar faces can enhance cognitive function and even prolong life expectancy. By fostering multi-generational living arrangements, we not only address housing challenges but also promote the physical and emotional health of our elderly population, enriching their quality of life in meaningful ways. But where does the funding come from? By reallocating resources from the current budget, including savings from reduced long-term care costs, and capturing revenue from sources like land transfer taxes and sales taxes on renovation materials and services. While this proposal offers a high-level overview, it serves as a catalyst for discussion and urges policymakers to embrace forward-thinking solutions. Let's challenge the status quo, think innovatively, and collectively shape a brighter future for Canadian real estate. #RealEstateInnovation #FutureForward #CanadianHousingSolutions

Jay Parsons shares another great perspective on the need for middle income workforce housing in addition to low income workforce housing. We need to create a solution for the ever growing housing need in the United States. The challenge becomes larger because we are at a deficit in new inventory every year, and it's only going to get worst. High interest rates have made in more and more difficult to finance these new developments. My partners (Justin Britto at Madison Communities) and I are working on a "Gray Collar" solution here in Phoenix that will provide affordable housing for the middle income population. We think the solution is smaller units with less amenities. What are your thoughts? #passiveinvesting #realestateinvesting #multifamilysyndications