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Baby Boomers Downsize In Denver
Dated: January 20 2014
“We went from a big kitchen to a little galley kitchen,” Cisco says as he shows CBS4 around the couple’s new condo in Brooks Tower in downtown Denver.
“It feels a lot lighter … and easier,” Cindy told CBS4.
“I feel younger,” Cisco added.
In many cases baby boomers are making changes that maximize their enjoyment of life, including completely changing their lifestyle for the second half of their life.“This is a very optimistic generation. Fully two-thirds feel that the best of life for them is ahead, not behind them,” said Brent Green, a generational marketing expert and president of Brent Green & Associates, Inc.
The Uribes are looking toward retirement and feel like a simpler life in Downtown Denver is better for them. Their real estate agent is looking to the future, too, and says more inventory is needed in downtown Denver to accommodate this baby boomer trend.“The more that you can provide on the ground, something that they can purchase and continue to hold that equity, the more they like it,” said
Mark Trenka of Trenka & Associates Real Estate.
Baby boomers are used to owning their home, so the abundance of rental properties in downtown Denver would be less attractive to them. Trenka hopes to see the condominium market expand downtown.
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