The demographics of the boomers may turn out to be of benefit to San Diego’s economy and it may bolster prices here.
Some of the money propping up pricing here is money that was earned elsewhere, including retirement money earned back east and inherited wealth from the generation that actually saved.
As boomers across the nation retire, some of them might wind up with enough money to realize their dream of retiring in San Diego. If so, these people would be unaffected by local wages.
As a percentage I wouldn’t think very many boomers nationwide would fall into this category, but by sheer numbers it might just be enough to be of influence on local pricing, at least for some areas and price ranges.