The Next Housing Crisis: Aging Americans' Homes

As our community has been warning for years....
http://goo.gl/GxU6Lr

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 today 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.”