SAN FRANCISCO: The housing price boom is dashing the retirement dreams of baby boomers.
The once asset-rich baby boomers, who have long been blamed for outbidding generation Y house hunters, are now struggling under the weight of record property prices.
The Baby Boomer Housing and Lifestyle Report has found that 39.7 percent of baby boomers aged 50 to 69 are uncomfortable with the level of house prices.
And 20 percent feel they are being priced out of the market.
Baby boomers are now unable to afford the retirement homes they had been planning to buy…