In the right location, they are quickly becoming a permanent living solution for retirees on a budget.  

I have also noticed that many retirees also are mom and pop investors.My full-time job is in law enforcement, and while I love real estate, I would prefer to not work in it full-time as of right now.

My family have several rentals of retirees who have been there 5 plus years in the same rental and NY transplants who been renting for years.

All the tenants are Contractor, retirees, Nurse, store manager,etc.

As a retiree , I will take full family Health insurance coverage for a very low price (1.5% of my pension amount ).

Retirees like myself are advised to have a couple years of living expenses set aside in cash savings so we don't freak out if the markets crash.

This gives retirees more money on their dollar, while getting them out of the management responsibilities they had energy for in their youth. 

I have many aspirational investing goals as a retiree.

new retiree with too much time on my hands

But also lots of retirees in others.