Author Says Tsunami Ahead for Rural U.S.
The largest tidal wave of retirees in history -- 77 million strong -- is about to wash up on our shores. This tsunami is surging beyond the cities into outlying areas and eroding all manner of containment by local Planners," says a multi-millionaire Virginia author and real estate broker, with 40 years experience in country properties.
Front Royal, VA (PRWEB) June 20, 2005 -- The largest tidal wave of retirees in history -- 77 million strong -- is about to wash up on our shores. This tsunami is surging beyond the cities into outlying areas and eroding all manner of containment by local Planners," says a multi-millionaire Virginia author and real estate broker, with 40 years experience in country properties.
B.K. Haynes, a former president of the Virginia chapter of the Realtors Land Institute (RLI) and a lifetime member of the CEO Clubs of New York, says this monster wave will soon cast ashore a huge transfer of wealth, along with massive Social Security and Medicare obligations, to a younger generation. Haynes says it is inevitable that this tsunami will act to inflate the economy and water down the value of the dollar.
Riding this demographic tsunami, according to Haynes, are the second careerists who can work from their homes and who are seeking a more laid back lifestyle in the countryside, this as improved technology speeds up the outsourcing of labor. Add to this the insidious armada of terrorists, indoctrinated with hatred of western civilization and bent on destroying our cities and industries, and it is easy to understand why so many will be fleeing the big cities for rural living.
Haynes views this demographic tsunami as an inevitable clash of lifestyles between the city people armed with cash from their considerable home equities and the no growth" advocates worried about the dwindling supply of outlying land. Many of the expatriates from the cities will end up paying cash for smaller homes where they can live mortgage free while seeking safety and economic security in the countryside. Haynes sees first hand, market forces swallowing up country properties today at a pace and financial thrust that, he says dwarf the recreational land boom of the sixties."
Baby-boomers, born in 1945 after World War II, will be 65 years old in 2010. Many will take early retirement in 2008 and move inland during the coming demographic tsunami. Haynes sees the economy flourishing in the next few years, dampened only by rising interest rates. He sees the gap widening between the haves" and the have nots" with a resultant increase in crime. And he feels that unbridled immigration, sanctioned by political forces in both parties, will continue to swell our population, expanding the need for homes and land.
Haynes is the author of several books about real estate. In his new rags-to-riches book, How I Turned $50 into $5 Million in Country Property -- Part Time, Haynes says that if the past is any guide, some calamity will occur toward the end of the decade that could have unsettling and potentially disastrous repercussions across the broad socioeconomic board.
In Hayness profession, you might read "real estate tsunami."
Contact:
Jeanne Russell
Greatland Publishing
540 631-9023
www.greatlandpublishing.com
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