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re: Are we at a generational housing peak?
Posted on 3/11/17 at 11:19 am to TigerDeBaiter
Posted on 3/11/17 at 11:19 am to TigerDeBaiter
Do you consider millennials to be pent up demand or a paradigm shift?
There will always be local trends to consider. I was speaking more in macro terms.
There will always be local trends to consider. I was speaking more in macro terms.
2
Posted on 3/11/17 at 11:35 am to autodd03
I think home ownership rates will be permantly lower moving forward. It's harder to get a mortgage and millenials are saddled with student loan debt.
However, I don't think suburbs are dead. They are still appealing to families and a lot of the trends in urban areas (better quality restaurants, bars, shops, etc) will shift into suburban settings.
However, I don't think suburbs are dead. They are still appealing to families and a lot of the trends in urban areas (better quality restaurants, bars, shops, etc) will shift into suburban settings.
Posted on 3/11/17 at 12:19 pm to autodd03
quote:
Do you consider millennials to be pent up demand or a paradigm shift?
It's hard to really know, but I've always viewed it optimistically. I think there is a lot of pent up demand, mainly due to the burden of student loans of millennials. That said, there are lots in the group that don't seem to want to have kids or own a home. For now anyway.
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