What millennial and gen z buyers love?

[Anonymous]

Anonymous wrote:Man, y’all are some salty old folks!

Always.

They lived in sh!t shacks and made their kids go to crap schools in transitional neighborhoods and expect everyone after them to do the same.

Heaven forbid if younger generations find a life or housing hack.

[Anonymous]

The next generation is going to be dogs. No one is having kids because they are too much trouble and expense. That is why there will be a huge dropoff in college in 2025 and while elementary schools in many areas are shrinking.
In 40 years the US will be like Japan with no replacement people just anthropomorphized dogs named Bailey and Doodles.

[Anonymous]

Anonymous wrote:The next generation is going to be dogs. No one is having kids because they are too much trouble and expense. That is why there will be a huge dropoff in college in 2025 and while elementary schools in many areas are shrinking.
In 40 years the US will be like Japan with no replacement people just anthropomorphized dogs named Bailey and Doodles.

This is so true

[Anonymous]

Anonymous wrote:The next generation is going to be dogs. No one is having kids because they are too much trouble and expense. That is why there will be a huge dropoff in college in 2025 and while elementary schools in many areas are shrinking.
In 40 years the US will be like Japan with no replacement people just anthropomorphized dogs named Bailey and Doodles.

Well the human kids are going to get a great deal on housing, then. Lucky them!

[Anonymous]

I actually work with 20 somethings who are starting to buy houses. They would rather buy a cheap flip with trendy finishes in a bad neighborhood than a fixer upper in a good neighborhood. And that's what they're doing. Makes for better instagram pictures and none of them want kids anyway.

[Anonymous]

Anonymous wrote:I actually work with 20 somethings who are starting to buy houses. They would rather buy a cheap flip with trendy finishes in a bad neighborhood than a fixer upper in a good neighborhood. And that's what they're doing. Makes for better instagram pictures and none of them want kids anyway.

You realize it's because they probably cannot afford to fix it up right?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Man, y’all are some salty old folks!

Always.

They lived in sh!t shacks and made their kids go to crap schools in transitional neighborhoods and expect everyone after them to do the same.

Heaven forbid if younger generations find a life or housing hack.

I hope you make enough money to back up that mouth of yours. If so, you're golden. This is DCUM. It's possible.

Champagne tastes on a lower budget? Well you'll learn eventually that there are no real "hacks."

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The same things everyone wants - everything in good working condition so they don’t move in and have to do a bunch of work/repairs right away. Millennials are working age adults, they probably have little kids too, so we don’t have time to fix holes in the walls and barely-working appliances.

They are lazy plus don’t know how to do repairs. They have a ton of free time to do it. They are remote or WFH most days. So yes fix it up.

But don’t pretend it is a time issue they barely work.

Ok Grandpa.

grandpa would know how to fix up the house, though.

But they don't. Boomers defer all maintenance and don't update kitchens, bathrooms etc every 10 years like they are supposed to .

[Anonymous]

Anonymous wrote:I think our generation is like any generation—wanting a clean safe home, and what distinguishes us is that home prices are much higher relative to income these days (to put all those “they want something for nothing” comments in context).

I will say that these are things I (an elder millennial who has bought a house twice) prioritized:

- walkable/bikeable/ transitable (??) location! We are probably more likely to want to commute without a car, so if you have that option in your house, highlight it!

- we have kids now, so we wanted a yard for the kids to play in. We didnt care about fancy landscaping because we planned to put in a play structure this time around. 10 years ago we were looking for more entertaining space, so if your house is more marketed to the pre- (or no) kids crew, show off the deck vibes!

- we didn’t want a rental, we wanted space for kids to play

- we personally didn’t care about the house’s finishes too much, because we prefer to get a deal on a house and renovate it to our taste, rather than pay through the nose for someone else’s bland upgrades. But we may be in the minority there. Again it may depend on whether your house is marketed to first time buyers, who are more likely intimidated by needing to do a lot of work.

- schools. Obviously there’s isn’t much you can do to spiff those up though.

- environmentally conscious decisions. I think our generation may be more motivated by this than previous ones. But we liked where the house was already updated with green appliances (or was priced where we could make those updates), where the landscaping is relatively green, where they have (working) solar panels, rainwater collection, and/or compost options, or the neighborhood is not car-dependent.

But really, in this tight market, don’t sweat it, do less to your house. Unless you have an assignable interest rate—that would be clutch!

If you walk into a $1.3M home and get upset because it doesn't have the same features as a $1.8M+ home, then yes you want something for nothing. This happened a lot with the 20-30 somethings. They were whining about stuff like tile, sink countertops, etc. They need to look only at the $1.8M+ homes if they can't live without their preferred finishes. The older buyers who submitted competing bids liked that the home was in a prime location, large, well-maintained, good design with lots of storage (even if the reno was 10 years ago so 10 year old finishes).

We sold 5 years ago, so now anything those younger buyers bought is about to go out of style anyway.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The same things everyone wants - everything in good working condition so they don’t move in and have to do a bunch of work/repairs right away. Millennials are working age adults, they probably have little kids too, so we don’t have time to fix holes in the walls and barely-working appliances.

They are lazy plus don’t know how to do repairs. They have a ton of free time to do it. They are remote or WFH most days. So yes fix it up.

But don’t pretend it is a time issue they barely work.

Ok Grandpa.

grandpa would know how to fix up the house, though.

But they don't. Boomers defer all maintenance and don't update kitchens, bathrooms etc every 10 years like they are supposed to .

Where did you get the idea that everyone is supposed to update kitchens and bathrooms every 10 years???

[Anonymous]

Anonymous wrote:

Anonymous wrote:I actually work with 20 somethings who are starting to buy houses. They would rather buy a cheap flip with trendy finishes in a bad neighborhood than a fixer upper in a good neighborhood. And that's what they're doing. Makes for better instagram pictures and none of them want kids anyway.

You realize it's because they probably cannot afford to fix it up right?

Here's an example: coworker showed me a house she was looking at; floors were grey tone vinyl, countertops in kitchen were marble-print laminate, bathroom shower was obviously marble-print "BathFitters" plastic coating. I showed her a 90s-era house near me that had real tile bathrooms, hardwood floors and granite counters and she felt it was too dated. I pointed out that she couldn't even spill water on that laminate countertop without it getting waterlogged and she said "I don't care, it looks good in the pictures."

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I actually work with 20 somethings who are starting to buy houses. They would rather buy a cheap flip with trendy finishes in a bad neighborhood than a fixer upper in a good neighborhood. And that's what they're doing. Makes for better instagram pictures and none of them want kids anyway.

You realize it's because they probably cannot afford to fix it up right?

Here's an example: coworker showed me a house she was looking at; floors were grey tone vinyl, countertops in kitchen were marble-print laminate, bathroom shower was obviously marble-print "BathFitters" plastic coating. I showed her a 90s-era house near me that had real tile bathrooms, hardwood floors and granite counters and she felt it was too dated. I pointed out that she couldn't even spill water on that laminate countertop without it getting waterlogged and she said "I don't care, it looks good in the pictures."

Dp. Isn't it easier to renovate vinyl floors than tile?

If a buyer wants to eventually redo a home when they have more money, your friend's choice makes sense. Those "nicer" finishes you mentioned don't matter if the counters and floors are going to be replaced down the line anyway. At least your friend gets to enjoy living in something she finds aesthetically pleasing in the meanwhile.

I don't know if your friend is actually planning on doing any renovations, but I did not value dated tile as being better than vinyl when I purchased. I knew then that I would be replacing the flooring and counteracts anyway.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I actually work with 20 somethings who are starting to buy houses. They would rather buy a cheap flip with trendy finishes in a bad neighborhood than a fixer upper in a good neighborhood. And that's what they're doing. Makes for better instagram pictures and none of them want kids anyway.

You realize it's because they probably cannot afford to fix it up right?

The issue is that they expect to have the latest finishes before they can afford to pay for it. Many of us just lived with dated finishes in our first homes. Sometimes we slowly fixed it up as time and money allowed. It's crazy to expect to go straight to magazine ready for your first home, especially if you can't afford it.

I have no sympathy for your whiners crying about how you can't afford the latest finishes. This peak of gluttony and entitlement really makes me think we're facing a Rome-like collapse.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I actually work with 20 somethings who are starting to buy houses. They would rather buy a cheap flip with trendy finishes in a bad neighborhood than a fixer upper in a good neighborhood. And that's what they're doing. Makes for better instagram pictures and none of them want kids anyway.

You realize it's because they probably cannot afford to fix it up right?

The issue is that they expect to have the latest finishes before they can afford to pay for it. Many of us just lived with dated finishes in our first homes. Sometimes we slowly fixed it up as time and money allowed. It's crazy to expect to go straight to magazine ready for your first home, especially if you can't afford it.

I have no sympathy for your whiners crying about how you can't afford the latest finishes. This peak of gluttony and entitlement really makes me think we're facing a Rome-like collapse.

Except what PP was complaining about was that they can afford it, just in a worse neighborhood. And many are willing to make that tradeoff. I don't see why anyone else would care, except maybe boomers that are mad that their house they haven't updated since 1994 isn't swarming with young buyers as soon as it hits the market.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I actually work with 20 somethings who are starting to buy houses. They would rather buy a cheap flip with trendy finishes in a bad neighborhood than a fixer upper in a good neighborhood. And that's what they're doing. Makes for better instagram pictures and none of them want kids anyway.

You realize it's because they probably cannot afford to fix it up right?

Here's an example: coworker showed me a house she was looking at; floors were grey tone vinyl, countertops in kitchen were marble-print laminate, bathroom shower was obviously marble-print "BathFitters" plastic coating. I showed her a 90s-era house near me that had real tile bathrooms, hardwood floors and granite counters and she felt it was too dated. I pointed out that she couldn't even spill water on that laminate countertop without it getting waterlogged and she said "I don't care, it looks good in the pictures."

I'll take things that never happened for $500, Alex.