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Real Estate
Reply to "Millennials aren't going to buy your ugly mcmansions, silly Boomers!"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The only reason they're not buying those is because they can't afford them.[/quote] Not true. We are not buying them because they are wasteful and unnecessary. We are smarter. Sorry. [/quote] This. I have money, and you better believe I'm not going to waste it on your crappy McMansion. This hasn't happened in DC to the same degree as the rest of the country, but the McMansion suburbs are turning into new ghettos as young professionals prioritize short commutes and city amenities en masse. [/quote] i'm a gen x'er who still lives in the city. i love the city, but we're looking for a larger place now that our kids are older and not sure we'll stay in DC or move to the 'burbs. even though I'd prefer a beautiful brick moderately-sized home to a mcmansion, there's a 50/50 chance we'll end up in a mcmansion because they are just more convenient for today's daily lives--with bigger kitchens, better closet space, big basements, etc. there aren't that many mid-sized homes that were built close-in in this area, so you end up choosing between 1,800-2,000 square feet and 5,000-6,000. that perfect 3,000 square foot tasteful not too big home is pretty rare. when the millennials' kids hit elementary school they will be making the same calculations and many of them will be moving to mcmansions after all. a lot of what people characterize as "millennial" preferences are really just preferences of people in that age group, and will change as they get older.[/quote]
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