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 just like musical chairs, you don’t want to be the investor without a chair when the music stops.
Check out this article describing precisely this issue. The music is about ready to stop. Millenials are beginning to behave like past generations have behaved…..SHOCKER, Right???
Take Away’s for you to noodle over:
As always, I’m here to help you find the answers to these questions since they can increase your speed to reaching your Financial Freedom.
Not knowing the answers, however, will always lead to your Financial Freedom getting crushed.
Enjoy your week!