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#68686 - 04/18/06 10:35 AM Buying Power OF the BABY BOOMERS
Martin A. Cuevas Offline
Member

Registered: 04/17/06
Posts: 13
Loc: Panama Republic
According to The Boomer Project, a marketing consultant firm, Boomers are responsible for over $2 trillion in consumption and our money is up for grabs.

Know what would be really fun? To point our discretionary income as far away from the marketplace as possible. To buy off-brand and as inexpensively as possible. To buy with a social conscience instead of with status-consciousness. To save instead of spend.

What would happen if every single boomer refrained from spending anything for one day? It would be interesting to see our effect on the national marketplace and might remind us of the power of numbers to influence both the marketplace and public policy. Anyone up for a little experiment?

How could we get them to invest in REAL ESTATE?

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#68687 - 04/20/06 07:14 AM Re: Buying Power OF the BABY BOOMERS
robyn0116 Offline
Member

Registered: 06/18/04
Posts: 302
Loc: Orange County, California
That's a great question and we ask it daily at my firm.

Over 85% of the nation's financially independent individuals acquired their wealth through real estate. Yet only 3% of Americans own investment property.

"How could we get them to invest in REAL ESTATE"...

...is the million dollar question. Part of the answer begins with education and knowledge sharing.
_________________________
Reno Real Estate

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#68688 - 04/20/06 07:41 AM Re: Buying Power OF the BABY BOOMERS
Paul Oaks Offline
Major Contributor

Registered: 06/23/04
Posts: 3370
Loc: Central Illinois
As an Investment Property Specialist I market myself to Financial Planners showing them how they and their clients can use their self-directed Roth IRA's to invest in Real Estate.

I also do monthly Seminars on how to Invest in real estate for first time investors. I partner with my financial planner and a mortgage broker and an insurance guy when he is available. We show them the reality portions that those late night infomercial guys leave out.
_________________________
Paul Oaks
Oaks Real Estate Group

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#68689 - 04/20/06 08:12 AM Re: Buying Power OF the BABY BOOMERS
Martin A. Cuevas Offline
Member

Registered: 04/17/06
Posts: 13
Loc: Panama Republic
Thanks for the input, I think that by talking we could teach our prospects to invest wisely in REAL ESTATE

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