Interesting article today in the Sacramento News titled Economy makes roommates of elders and their adult children.
California and Hawaii lead the nation in multigenerational family households (according to AARP statistics) and while this is likely due to . cultural norms, no doubt the tough economic conditions are playing a major role in families' decisions to house or move in with their elders.
At the same time, the article points out, retirement communities and upscale assisted living centers that once had long waiting lists find themselves slammed with vacancies according to the National Investment Center for the Seniors Housing & Care Industry.
At last weeks Boomer Summit Conference there were a number of new companies in attendance that market services and technologies that help Boomers stay in their homes longer (this sector of the market will grow considerably the next decade). But one interesting company competing in the business plan competition was Larson Shores Architects, Inc .
This firm markets an "In-law Kit", a solution for boomers seeking to accommodate their aging parents in their current home. This concept brings together universal design, green building products, financial feasibility, and local builders to create a multigenerational housing solution.
Maybe this company is on to something.
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