Baby Boomers will buy one out of every five new homes sold in 2008. But, what the 55-and-older segment is really looking for is vacant land. For instance, the Texas Hill Country is a prime location for boomers to look for land from a 1- acre parcel in Marble Falls to a 300+ acre ranch in one of Burnet County's ranch communities. A recent boom in real estate development in Burnet County has resulted from this influx of future retirees. Baby boomer investors coming to the Texas Hill Country are picky, but seem willing to pay top dollar for a piece of land in a great location next to outstanding amenities like fishing, boating and golfing. "The 50-plus demographic has the cash. " says Rich Larsen, vice president of operations for John Laing Homes. "Boomers are persistent. They want ...
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