The reality? Not so much.
NBC News via bubbleinfo:
Although Boomers are most likely to be satisfied with the size of their current homes, the conventional wisdom that these empty nesters would downsize to smaller homes later in life turned out to not be the case. “It is a bit contrary,” said Trulia housing economist Ralph McLaughlin. “According to our survey, we are finding that almost as many of them want larger homes.”Yes, it's an unscientific online poll. But it aligns with the sentiments of the senior citizens we know. We still haven't met the senior who wants to move from Neptune or Encinitas Ranch to Pacific Station.
While 21 percent of Baby Boomers want a smaller house, the highest percentage of any age bracket, the number who still want to go bigger is five percentage points higher. Last year, Fannie Mae noted that Boomers displayed no hurry to trade in their houses for retirement condos.