Aging baby boomers are expected to have an effect on the housing market because
A) they have retirement money to use to get out of apartments and into large homes.
B) they tend to buy large vacation homes to accompany their primary residences.
C) older people often downsize their housing by moving from larger homes into smaller homes.
D) they have reached the age where the government will subsidize mortgages valued over $500,000.

Question

Quizplus · Accepted Answer

Older people tend to downsize their living spaces and move from larger homes into smaller ones as they retire and no longer need as much space. This trend is expected to have an impact on the housing market, as there will likely be an increased demand for smaller, more affordable homes. The other options (A, B, and D) are not likely to have as significant of an impact, as not all baby boomers have retirement money to use, buy large vacation homes, or qualify for government mortgage subsidies.

Aging Baby Boomers Are Expected to Have an Effect on the Housing