Return of the Boomers?

A developer and I were discussing the glowing economy (not sure what the glow is from--LOL) and the volatile stock market this AM and came up with a possibility that is disturbing on multiple levels.

The Boomers may not come back to the resort real estate markets when the recovery kicks off for real (who knows when that will happen). As a Boomer myself, that's disturbing.
The Boomers made the coastal resort markets bloom in the 1998-2005 extended era of creative finance mania. Now, five years later many pulled more equity out of their resort properties than ever was there. IRAs and 401Ks took a hit. The Boomers got older and some retired. Some unretired in an attempt to regrasp the good life of American Consumerism. So the lifeblood of resort real estate may be sidelined getting an economic transfusion rather than leaping back into the fray to rocket the resort real estate recovery skyward. Many will rent vacation rentals and enjoy the beachy sunsets sitting on someone else's balcony while wondering where that retirement fantasy went off course.

Soooo--what's it all mean? The next wave of resort real estate buyers may include relatively few BOOMERS! The demographics don't look that encouraging right out of the gate. There are LOTS more Boomers than GenX and GenY people. All the books written about the quirks of the X and Y crowd could pave Grand Central Station, but the resort real estate markets haven't seen them in big numbers---yet.

That's it for now--just throwing that idea out there. You KNOW I'll have further thoughts on something juicy like that, particularly when it hasn't been all chewed up by the press just yet.