In less than 100 words, what is your idea?:
Networking for people approaching retirement and others concerned about the high cost of housing. Self-funding, flexible way of having equity in quality housing by teaming up in small groups. Perhaps designing a new type of housing never seen before. Tsunami of baby-boomers approaching retirement who may have resources but don't want to blow it all on housing.
What is the social need or challenge your idea could address?:
Baby boomer retirement housing. Challenge the high cost of owning quality property. Many retiring baby boomers won't have enough super or equity in their own homes.
What’s really new about your idea?:
Most types of housing are designed to maximise profits for peripherals like builders, property developers, real estate agents, architects, local government, etc, or achieve economies of scale for government service providers without achieving value for the owner(s). Let's crack this. Five people with $200,000 can buy a property worth $1 million.
Comments
Re: Housing network
Great idea. Recent AHURI research identifies a gap in the housing market for affordable housing for retirees who want some kind of linked-up housing. Retirement villages are expensive and have complex contracts. So called not-for-profit villages expect "ingoing contributions" and all options have ongoing fees. Smaller, more boutique solutions have a place. The AHURI researchers found that the happiest movers were those who'd chosen their destination or village as a group of friends.