Several months ago The Wall Street Journal weighed in on the topic of baby boomers moving to trendy New York neighborhoods:
Hip urban neighborhoods are aging, as a growing chunk of adults in their 50s and 60s and older give up their longtime homes and head for trendy condos. The invasion of older, moneyed buyers has “created a gold rush” in some of these areas …
In Chicago empty-nesters moving to the city have tended to hug the lakefront and house themselves in high-rises.
Will Chicago see baby boomers headed for Wicker Park and Logan Square? Will the hip-replacement cadre engage in hipster replacement? Hipsters have historical precedent in handling gentrification. Can they deal with geriatrification?
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