I'm interested in the potential long-term impacts of this trend. As the article indicates, millenials have a difficult time affording homes and are much further away from realizing the "American dream" of home ownership their parents did. Even if they could afford homes, millennials generally have a lower preference for suburban settings than their parents, with many preferring instead to migrate to inner-cities (hence mass gentrification).
I wonder what is going to happen to all of this suburban housing stock that has been built en masse over the course of the last couple of decades (when it was the most desirable housing stock available). Most of it was purchased by boomers and some gen-xers, and the bulk of it is still held by them. Many boomers are gonna wanna be rid of it with their empty nests and impending retirement, though, and there aren't going to be many millennials willing or able to buy. Even if millenials are ready to buy a little more down the road, it is possible that fewer of them will be keen on the suburban mcmansions their parents owned - the demand for this kind of housing might decrease, and then you've got to wonder what happens to it considering how much of it we've built.
I wonder what is going to happen to all of this suburban housing stock that has been built en masse over the course of the last couple of decades (when it was the most desirable housing stock available). Most of it was purchased by boomers and some gen-xers, and the bulk of it is still held by them. Many boomers are gonna wanna be rid of it with their empty nests and impending retirement, though, and there aren't going to be many millennials willing or able to buy. Even if millenials are ready to buy a little more down the road, it is possible that fewer of them will be keen on the suburban mcmansions their parents owned - the demand for this kind of housing might decrease, and then you've got to wonder what happens to it considering how much of it we've built.
Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know thy enemy but not yourself, wallow in defeat every time.