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][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it is Gen X who owns the McMansions, I sure don't own a McMansion. [/quote]

Agree - definitely in our neighborhood anyway. It seems like the tail end of the Gen Xers and possibly the front end of the Millennials who are snatching up the McMansions - not Boomers.[/quote]

The Mills are too smart to be duped into buying useless drywall.   Their cynicism may save this country.[/quote]

+100000[/quote]

Generation X was frequently derided as the "slacker" generation, but they turned out to be both industrious and the primary buyers of larger homes. At some point the millennials will grow up. The Peter Pan act gets old eventually.[/quote]

Gen X has retained many of the characteristics they always had and remains markedly different from the boomers.  They're still much more cynical than the previous generation, along with other characteristics.  Seems a bit absurd to think that millennials will suddenly have a huge personality shift when many of them are already in late 20s/early 30s and their behavior within the workplace has been so noticeably different from previous generations and shows no signs of changing  [/quote]

It's not as absurd as attributing to an entire generation a set of preferences associated primarily with a subset of that generation. If the demand for the larger homes in the suburbs didn't exist you wouldn't see the continued growth in suburbs like Loudoun and Howard Counties, or entire new subdivisions of homes priced over $1.5 million inside the Beltway selling out in months.

I don't want to keep anyone from making pronouncements based on their own, extended navel-gazing, or faux-surveys of Millenials responding to loaded questions, but sometimes actually looking at market information might be informative.[/quote]

I don't know how on earth you've convinced yourself that it's millennials buying those homes, but I agree- let's stop navel gazing and go with statistics.

https://www.washingtonpost.com/opinions/millennials-arent-buying-homes--good-for-them/2016/08/22/818793be-68a4-11e6-ba32-5a4bf5aad4fa_story.html

Millennials aren't buying homes across the board, and I'm willing to wager good money that they weren't buying the majority of the McMansions in Loudon county.  This is not about the CURRENT state of the housing market, which is primarily still driven by boomers and gen-x.  This is about what the housing market will look like in 15, 20, 30 years.

If you want to stop navel gazing and have info that it was in fact millennials who bought the homes in Howard county, by all means, post it. 
[/quote]

I read that article already - it's an opinion piece that notes that the younger cohort continues to want to buy homes but may have to wait later to do so. It suggests the exact opposite of what many of the "McMansion" haters on this thread want others to believe. [/quote]

Ok but regardless of your personal feelings about that article the statistics remain the same. http://www.theatlantic.com/business/archive/2016/08/millennials-the-mobile-and-the-stuck/497255/[/quote]

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