Today is your day Boomer! The summer's first big heat wave is upon us and many Boomers are hitting the beach or travelling to their summer cabins. Yup, many Boomers, like me, completely or partially own cottages on lakes or ocean...we often have the money to invest, many of us are retired, and many received their property from their deceased parents. But there is a new kid on the block....the Gen Xers have taken over real estate demand for cabins. They are the age 43-58 group that is well-established in career, saving money, and looking forward to retirement. According to the Financial Post this "other" generation has replaced Boomers "and are behind 91 per cent of transactions." Wow....and the survey adds our generation has about one trillion dollars to pass down to our children! So, why cottage investment? The survey says "escape from the stress of urban life" is a main factor. I can understand that. I just spent 5 days at our cabin; that is my leg, my dock, and my lake in this picture. And a good time was had by all! Happy summer Boomers!!

Comments

Post a Comment

Popular posts from this blog

Image
Today is your day Boomer! Well, yesterday was my day! My long-awaited dream of building and opening a new high school gym in Summerland came true! 550 students watched, smiled and vigourously applauded as the SD67 school trustees officially cut the ribbon and opened the facility. The kids played in their new gym, in a so-called Rocket Rally, right after that and then 200 more mostly-Summerlanders attended a two-hour opening fundraiser that evening. There were people, young and old, every where: going on tours, eating food, watching volleyball and basketball, listening to speeches, and investing money in 30 community-donated silent auction items and a huge 50/50 raffle...organized by the school's Parent Advisory Council. The final fundraiser tally was about 7000$...made in only two hours! Congratulations students and staff of SSS. Your new gym is finally here, the first new one since 1951! Play on....
Read more
Image
Today is your day Boomer! My Dad left this world this week. I was there in-person to say goodbye and, of course, it was very, very difficult. But rather than focusing on the negatives of his downfall, I want to share with you my Dad's many contributions to my life. First off, Harold (Hal) shared his name with me and helped raise me as one of six kids in our family. Imagine the financial impact a family of eight had on his work life and mental state! Speaking of that, he taught me the importance of a strong work ethic and a good education. All his kids have university degrees or trades tickets. He showed me the supreme importance of family gatherings, how to flyfish...even when he was colour blind....how to use tools, play high-level bridge, eat organic foods, he taught me how to drive....even though I ruined the transmission on our old car....he showed me how to sail, save and invest money, have an appreciation for nature, he was a role model for me as I moved through heart/s
Read more
Image
Today is your day Boomer! To my Boomer friends and family in the South Okanagan, I cordially invite you to a BIG fundraiser at my former workplace, Summerland Secondary School. It is the new gym...in the works and a big dream of mine for.....well, decades! The sparkling new gym officially opens with a ribbon-cutting ceremony(big wigs and media only) at 10am on November 13.....but the public gets its chance at 6pm the same day! It is a fundraiser for "extras" like basketball hoops on the outside tennis court and a new, enhanced gym sound system! The school committee has already raised over 22,000$ and they want more! Can you help please by attending? Tickets are $20 for a special "smokie" dinner, chips, and a drink.....and you get gym tours, games to watch, a few speeches, a raffle and other fundraisers. It should be a grand night and, hopefully, a full house! This is a big deal for Summerland; we haven't had a new high school gym since 1951! Hope you can
Read more