BOOM

TODAY’S WORRY

There was recent economic news reporting that new home sales are booming. I wondered why that was. I know the economy has improved somewhat but it still seemed an unusually high number. Do you think it is because so many baby boomers are getting ready to retire and they are buying retirement and second homes? I’ve spent part of this week viewing the homes in the St. George Parade of Homes. St. George, Utah is a hot spot for the “active retiree.” There’s lots of hiking and outdoor sports plus gorgeous scenery. Lots of the houses on the Parade were in the $1 million+ range. My thought is this, who are the houses going to be resold to? If you have millions to spend on a retirement home, wouldn’t you want to have one custom built for you? There’s lots of land out here and no one seems to be putting the brakes on development.

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