It’s not exactly the boom we thought it would be.
The boom era was an era of huge consumer spending and soaring stock prices, followed by a recession.
The recession lasted from 2001 to 2007, but the stock market recovery has been even more modest than the boom.
It’s the same story with baby boomers, a generation that will likely retire in their 70s, 80s and 90s.
Read moreThe big question now is how many of them are ready to start living the boom-era lifestyle.
Are boomers ready to have the same life style, or are they too wedded to their cars and houses to have any real life experience?
The first step is to look at whether boomers have any regrets about their lifestyles.
When the boomers retired, they didn’t move into the homes of the wealthy.
They bought a home and moved in.
But if boomers can move into older houses, the question becomes: Will they live with the same lifestyle they had before the recession?
“I think boomers are ready for that lifestyle,” said Mark Schulz, chief executive of the National Association of Realtors, which represents millions of homebuyers.
“That’s not just a question of having to look after your kids or paying the mortgage, but also living the lifestyle of a boomer.”
That could include renting an apartment or a condo, he said.
Another factor that could help people adjust to the new lifestyle is that boomers may be more willing to pay more for homes, which could mean more sales.
“If they were just renting, they probably would have been buying,” Schulz said.
“I’m sure they would have bought a house because they were looking to live the lifestyle.”
Boomers aren’t alone in their desire to live in an older house, and some are already embracing the idea.
At the annual meeting of the American Association of Retired Persons in Atlanta, a group of boomer retired people discussed living in a newer home.
One person, a 62-year-old retired electrical engineer from New York City, said she was considering purchasing a home in a more spacious neighborhood.
Others are embracing the trend by taking a different approach.
Banks are offering to buy older homes for boomers who don’t have a mortgage, which is a sign they’re willing to rent, said Bill Rees, a partner at the consulting firm Trulia.
If you are looking for a place to live that will allow you to get away from your kids and your kids’ friends, it is likely that you are going to have to make some sacrifices in terms of financial security.
The fact that boom people have such a high standard of living is a great thing, he added.
Rees said many people who are looking to buy an older home also may be tempted to live elsewhere.
While many people will feel pressure to buy in the suburbs or in a larger metropolitan area, Rees said, it may not be a bad idea to go to the suburbs because boomers there are used to having more space.
A boomer in their early 50s, for example, may feel the need to move from a smaller community in a bigger city to a smaller one in a smaller city, Reis said.
It could also be beneficial for the boomer to buy a home where they can be close to their kids and their friends.
“They might be able to take their kids to the movies, or go out to restaurants or bars, or be a little closer to their friends,” Rees explained.
“It’s more likely that they would be willing to move into that area.”
The real estate market is heating up, and the boom may be starting to reverse.
The last time the housing market started to get out of hand was the late 1990s, when prices were still soaring.
Then there were several rounds of market corrections, which also coincided with the start of the recession.
By early 2007, home values had started to decline, but many buyers had yet to make a profit on their homes.
And, according to a report from RealClearMarkets, some buyers have lost their homes to foreclosure.
There are now more homes for sale than at any point in the last 30 years, the report found.
Some boomers want to move out of the city, but some may feel more comfortable living in the country or even on a vacation home.
And some have opted to live far away from their jobs.