Boomers, you may have heard, are heading for walkable cities and trading in high-maintenance multi-story homes with gardens and big back yards for condos or even apartments — especially since the financial markets tanked, taking net worth and real estate down with them.
Well, none of it is true, according to new report, "Baby Boomers & Their Homes: On Their Own Terms," from the Demand Institute, which is a think tank operated jointly by the Conference Board and Nielsen.
According to the report, boomers worked hard to get where they are and they're bloody well going to stay there, "aging in place" in the homes they're already living in or even planning to move to larger, grander residences — and no, we're not talking about luxurious assisted living facilities, either.
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