According to Harry S. Dent, author of The Roaring 2000s, "The sector of the population that will most influence real
estate values in the next decade are affluent baby boomers who are moving into their vacation home buying years at the
fastest growth rate. This will make resort areas the hottest properties for investors."
The book emphasizes the fact that as baby boomers move into the prime years for buying vacation homes, the resulting
demand will inevitably result in significant price increases of waterfront and/or resort-type properties. Potential buyers
are already discovering that availability of oceanfront properties on the West or East costs of the U.S., Hawaii or
developed Mexican resort areas is limited; prices are exorbitant.
Emerging markets are among the last frontiers where investors may still participate in a significant lift in values.
Author Harry Dent advises the reader that the window of opportunity is closing rapidly: "If you are considering the
purchase of a vacation home, why not do it now and beat the massive baby boom rush? Waiting is likely to cost you more,
and the appreciation will be higher from buying early."
The Roaring 2000s, published by Simon & Shuster (1998), is available at amazon.com.