As more and more baby boomers reach retirement age, the need for condominium style living is growing and developers are rushing to keep up, the Kentucky Post reports.
Barry and Desire Blumenthal are new residents at a retirement living community in Kentucky. The couple found themselves in a house that was much too big for the two of them and moving into a condominium was the next logical step.
Desire told the news source there was "too much house, 5 bedrooms, two of us, a dog, kids living out of town only visiting every now and then and it's an excuse to go see them."
The trend is growing all over the United States as a Minnesota developer recently broke ground on a community featuring 77 apartments, 63 assisted living residences, seven memory care apartments and seven private care suites.
While developers are preparing for the influx of baby boomers, studies indicate that they are not planning on retiring as early as the previous generation.
According to seniorjournal.com, 76 percent of baby boomers intend to keep working and earning money during retirement.