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Baby Boomers Give Florida Real Estate a Boost

Aug 17, 2007
As the economic status of people rises, there is a perceptible change in their expenses. This applies uniformly to all areas, including the purchase of real estate.

The life style and spending patterns of affluent people foster the growth of business in the utility sectors, as well as those providing recreational amenities. The ambience of the area where they live undergoes a change. Shopping arcades and malls, special cuisine restaurants, bar and pubs, private and exclusive membership clubs, health and fitness centers, beauty parlors, spas, swimming pools, golf courses, parks and other luxurious facilities become a part of the general surroundings.

This has a direct impact on the real estate prices there. Florida is one such place that has experienced a rise in prices of real estate due to the ever-increasing presence of the baby boomers as residents.

People who were born between 1946 and 1964 are termed as Baby Boomers. These were times of great economic prosperity. Following World War II, there was a great need all over the world for restructuring and reconstruction of the infrastructure of the nations. Cities had been bombed and the economies were in shambles. There was a great demand for all types of goods as well as services.

During this time the American economy experienced unprecedented growth due to the increased industrial production fuelled by the export demand. The veterans who returned from the war were given low-rate loans by the American government for starting businesses and buying homes. They were also given unemployment compensation for a whole year. If they wanted to pursue further education, the entire cost was borne by the government. The result was that a majority of the ex-servicemen went in for higher education and got jobs or turned entrepreneurs.

Consequently, their economic status rose phenomenally. This also led to an increase in birth rate, during this time of economic prosperity. Other regions around the world did not witness this baby boom. Therefore, the term baby boomers is applied to only that part of the American population, which was born during this time. The easy pay loans and the other support benefits given after the war enabled many people to buy suburban homes, which were earlier only within the affordability of wealthy people. There was a change in life styles and the high-class suburbs that developed later into satellite cities.

In the United States, presently, baby boomers make up the majority of the population at the top echelons of culture, politics, industry and academics. Two examples are Bill Clinton and George W. Bush. Both of them were born in 1946. Baby boomers are people who belong to the very affluent class and their spending patterns and lifestyles have added an escalating effect to the existent price of real estate in Florida.

Most places in Florida offer amenities that cater to high standards of living, providing comfort and luxuries of the best possible standards.
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Are you interested in Real Estate Investing all around Florida including: Orlando, Tampa, Ft Lauderdale and Jacksonville. Florida Real Estate Investing is made easy with Real Net USA.
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