Real Estate Investments and Its Role in Retirement Planning



Real
Estate Investments and Its Role in Retirement Planning


 


Miguel
Fernandez and Yoon G. Lee, UtahStateUniversity


 


Using data from the 1997 Property Owners and Managers Survey (POMS), this
study attempts to shed light upon the role of real estate investments in
retirement planning. Particularly, this study explores the demographic,
behavior, and financial patterns of those who invest in multifamily real estate
as a means to plan for their retirements.  The sample of this study includes property
owners who have real estate other than their primary residence (N=2,080). The
results of logistic regression analysis indicate that having higher income
levels, contributing higher amounts of time on maintenance or management of the
property, not placing new mortgages for the acquisition, being male, being an
individual investor, and not living at the property are positively associated with
the likelihood of reporting the most important reason for purchasing property
for retirement planning.