As far as retirement opportunities go, this is one of the more inventive ones. Turns out, the Bay Area is not an affordable space for retirement and with the continuously rising costs of living, boomers are beginning to look for alternatives. Institutions like Silvernest, the Phoenix Commons, HIP Housing, the Cohousing Association and more are resources made available for those in search for a roommate. Boomers are looking either at a cohousing or a home sharing arrangement.
Home sharing has found its way into the category of retirement opportunities and the experience has a few benefits over the traditional retirement home. For one, it is more affordable. Secondly, having a roommate entails companionship and consistency. Thirdly, what home sharing offers is also a level of independence which is a largely desired feature.
Photo Credits: Doug Duran/Bay Area News Group
Home Sharing Retirement Opportunities
Silvernest Boasts an Affordable & Non-Traditional Experience
Trend Themes
1. Affordable Retirement Living - Disruptive innovation opportunity: Develop cost-effective housing solutions for retirees that provide affordability without compromising quality of life.
2. Home Sharing for Boomers - Disruptive innovation opportunity: Create platforms and services that facilitate home sharing arrangements specifically tailored for the boomer generation.
3. Cohousing as Retirement Option - Disruptive innovation opportunity: Design cohousing communities that cater to the unique needs and preferences of retirees, offering a balance of privacy and social connection.
Industry Implications
1. Real Estate - Disruptive innovation opportunity: Develop innovative housing models and solutions that address the changing needs and financial constraints of retirees.
2. Technology - Disruptive innovation opportunity: Build digital platforms and tools that streamline the process of finding compatible roommates and managing home sharing arrangements for retirees.
3. Senior Living Services - Disruptive innovation opportunity: Offer tailored services and amenities within retirement communities to support the growing trend of home sharing and cohousing among boomers.