April

April 5, 2018

Planning for your Portfolio….

This might make your local politicians a bit uncomfortable…and if you own expensive apartments in urban areas, your tummy might be queasy, too. I’ve heard all kinds of justifications about Millennials housing choices and the plans needed to accomodate these choices from Directors of Economic Development, elected officials, private developers, non-profit organizations….and they always left me scratching my head, generating more questions than answers. “Millenials ARE NOT behaving like past generations in their housing preference!!!” “If we don’t have urban mass transit, fancy apartments, Kool-Hip restaurants serving avacado toast for $13.99, they WON’T MOVE TO OUR CITY!!!” “We’ll lose out on all their tax revenue!” “We HAVE TO INVEST MILLIONS to attract them to the urban areas!” Funny thing about “trends”.  Trends always have a starting point.  For the Millenials, this was in the early 2010’s.  More DANGEROUS thing about “trends” is they ALWAYS have a stopping point, too.  And […]