Condo Demographics
In last week’s second of three articles on high-rise demographics, I wrote about Dallas’ youngest high-rise populations. I noted that in those younger buildings, there were usually high rates of non-homestead owners – some as high as 75 percent. I think non-homestead ownership is worth noting because, in addition to owner age and worth, it…
In the first part of this series I wrote about how unit prices, resident age and income are data points for high-rise buyers to consider before purchasing their castle in the sky. The reason for these calculations is to better understand if a building matches a buyer’s philosophy. Of course this information doesn’t produce a…
This is the first of a three-part series on high-rise demographics. In this first part, I’ll cover how resident age, personal finances, and cognitive decline form an intersection that should help buyers better understand a high-rise. These factors are certainly in play in all neighborhoods, but the communality of high-rises makes them more acute. After…
