Mike Abelson calls it his \u201cman cave.\u201d<\/p>\n
After his wife passed away, the 65-year-old sold his house and began renting a 1,400-square foot apartment eight miles away in Bethesda, Maryland. The trial attorney now uses his downtime to enjoy warm summer evenings on his terrace.<\/p>\n
\u201cI pay a pretty steep rent, but it\u2019s worth it,\u201d Abelson said. \u201cI don\u2019t pay property taxes, I don\u2019t pay for maintenance, plumbing or electrical. I don\u2019t have to pay for the grass cutting. It\u2019s just easier than being a homeowner.\u201d<\/p>\n
The number of renters who are 65 or older will reach 12.2 million by 2030, more than double the level in 2010, according to research by the Urban Institute in Washington. While the millennial generation born after 1980 has driven demand for apartments in recent years, baby boomers — those born from 1946 to 1964 — will be the next wave, pushing up rents and spurring construction of more multifamily housing.<\/p>\n
Mike Abelson calls it his \u201cman cave.\u201d After his wife passed away, the 65-year-old sold his house and began renting a 1,400-square foot apartment eight miles away in Bethesda, Maryland. The trial attorney now uses his downtime to enjoy warm summer evenings on his terrace. \u201cI pay a pretty steep rent, but it\u2019s worth it,\u201d Abelson said. \u201cI don\u2019t pay property taxes, I don\u2019t pay for maintenance, plumbing or electrical. I don\u2019t have to pay for the grass cutting. It\u2019s just easier than being a homeowner.\u201d The number of renters who are 65 or older will reach 12.2 million by 2030, more than double the level in 2010, according to research by the Urban Institute in Washington. While the millennial generation born after 1980 has driven demand for apartments in recent years, baby boomers — those born from 1946 to 1964 — will be the next wave, pushing up rents and spurring construction of more multifamily housing. Read the story \u2013 Bloomberg Business\u2013 July 21, 2015<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_links_to":"","_links_to_target":""},"categories":[52],"tags":[],"_links":{"self":[{"href":"http:\/\/bridgestreet.dublinohiousa.gov\/wp-json\/wp\/v2\/posts\/1213"}],"collection":[{"href":"http:\/\/bridgestreet.dublinohiousa.gov\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/bridgestreet.dublinohiousa.gov\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/bridgestreet.dublinohiousa.gov\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"http:\/\/bridgestreet.dublinohiousa.gov\/wp-json\/wp\/v2\/comments?post=1213"}],"version-history":[{"count":1,"href":"http:\/\/bridgestreet.dublinohiousa.gov\/wp-json\/wp\/v2\/posts\/1213\/revisions"}],"predecessor-version":[{"id":1214,"href":"http:\/\/bridgestreet.dublinohiousa.gov\/wp-json\/wp\/v2\/posts\/1213\/revisions\/1214"}],"wp:attachment":[{"href":"http:\/\/bridgestreet.dublinohiousa.gov\/wp-json\/wp\/v2\/media?parent=1213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/bridgestreet.dublinohiousa.gov\/wp-json\/wp\/v2\/categories?post=1213"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/bridgestreet.dublinohiousa.gov\/wp-json\/wp\/v2\/tags?post=1213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}