Las Vegas, Nevada, USA, 11/30/2021 / LasVegasRealEstate.org /
The Sun City Summerlin in Las Vegas is attracting a large number of Baby Boomers as they are relocating here after retirement to live in peace being in close proximity to nature. Besides, all modern facilities are available here which further attracts them to settle down.
The Baby Boomers are now one of the most vibrant and well-to-do segments of the total populace of the USA. Nearly 28% of the American populace now is constituted by them. In other words, the Baby Boomers today form the biggest part of the demographic structure of the USA.
A large number of Baby Boomers have already retired or are on the verge of retirement. Hence, they need to relocate. This, in turn, means they are moving and migrating to warm weather and more affordable housing. As a result, they are buying properties in communities like Sun City Summerlin where they can breathe fresh air and spend their life amidst scenic beauty with golf, tennis, swimming and 60+ other activities.
The Baby Boomers, as per the US Census Bureau figures of 2016, show that they number about 74.1 million. Hence, it goes without saying that they form the single largest seekers of home. This particular factor brings to fore the need for homes for them.
Here, the Sun City Summerlin holds the key to the solution of their need for a home for settlement after retirement.
To understand this factor of the Baby Boomers and their need for home, we have to take into account the fact that being born between 1946 and 1964 they have either already retired or attained the age of retirement. About one million Baby Boomers have already retired a couple of years ago. In 2020, another 1.7 million of them also retired.
This retirement trend of the Baby Boomers tells us the immediate need for homes in posh areas with all-inclusive facilities. Due to this, the demand for homes in the Sun City Summerlin is growing.
Now we have to find out why the demand for homes is rising in the Sun City Summerlin with the tag of the Baby Boomers attached to it. This area lies in close proximity to Mother Nature and the Red Rock Conservation Area of Las Vegas with the cost of living not being high suits them immensely.
Besides, the rates of property taxes also happen to be low as are compared to other areas. The low incidence of property taxes in the state of Nevada is quite a benefit to the retired Baby Boomers. Settling in the Sun City Summerlin can help them save a lot of money which they can spend or utilize for other purposes.
This speaks of the trend of the Baby Boomers moving from California to Las Vegas. It may be mentioned here that the largest numbers of Baby Boomers can be found in California more than any other state in the USA. A large number of them have either moved to Las Vegas and the whole state of Nevada or are likely to move after retirement.
While Las Vegas has a low incidence of house tax, the state of Nevada offers the benefit of Zero State Income Tax which is beneficial for the Baby boomers. Subsequently, they are looking to relocate there.
Nearly 30% of the homebuyers on the Las Vegas real estate market are from California. A majority of them are the Baby Boomers. About 80% of them are homeowners with the Sun City Summerlin being the first choice.
Another important point about the Baby Boomers is that after retirement, they prefer to re-settle in smaller accommodations. They don’t show the tendency to live in villas, bungalows, or large houses. In fact, smaller homes are easy to maintain whereas villas are not. To top it, they can save a lot of cash by buying smaller homes and can invest the money thus saved in different ventures yielding some monthly income.
The Sun City Summerlin Naturally suits them from all counts as it is a master-planned community with all world-class amenities, including pools, golf courses, parks, gardens, fitness centers, easily accessible medical centers, educational facilities as well as access to hundreds of activities and classes the residents can attend.
Besides, Las Vegas is considered as one the safest cities in America with a low crime rate and low natural disasters. Here, they can also grab some part-time or full-time employment to keep themselves busy. Such employment opportunities are easily available.
No wonder the Baby Boomers are rushing to Las Vegas after retirement. This is ranked in the top 10 best locations in America to move after retirement. The Baby Boomers are rushing to Las Vegas to lead a peaceful, comfortable, and healthy life in this part of America.
Media Details –
Company Name – LasVegasRealEstate.org
Phone Number – 702-882-8240
City – Las Vegas
Country – USA
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