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Real Estate
Reply to "Dying market in Potomac "
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[quote=Anonymous]The vaaaast majority of homes in Potmac and areas like McLean are ugly AF. The were built for boomers with 80s and 90s style who also had too much money with no taste. Nobody wants ugly boomer mcmansions from the 80s and 90s. Numerous article have been written about how hard it is to sell terrible mcmansions built 30-40 years ago. Lots of boomers trying to downsize will be in for a rude awakening. Boomer culture prized excessive conspicuous displays of consumption, after all, that's what the 80s were known for. Younger generations don't want ugly homes that are gigantic monstrosities. Walkability is key. Many younger people will put up with smaller homes for walkable amenities. Plus, the US economy has been rigged against younger generations would couldn't even afford those homes even if they wanted them. They're saddled with huge student loan debt and childcare costs. Millennials have much less wealth now compared to the baby boomers and GenX did when they were the same age as current millennials.[/quote]
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