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After several years of a bonkers real estate market this decade, a new AARP study shows that nearly 90 percent of homeowners aged 50 years and older want to stay in their home indefinitely, rather than move to a condo in Florida or some other option typically associated with the silver-haired set.
And the Los Angeles Times reports a cottage industry has sprung up in Southern California to adapt those homes — where kids once roamed — to be safe for aging homeowners.
“We tell clients that if you are going to stay in your home until you go out feet first, then we can do things from a design and building standpoint to allow you to,” said Ben Morey, president of Signal Hill-based Morey Construction.
To pay for the renovations, which might include switching bathtubs or installing ramps, some homeowners take out those reverse mortgages we wrote about a couple of months ago. If you missed it, you can read that story here.