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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] But no one knows that or can predict that with any degree of certainty. [b]The current suburbs are packed with what used to be bright-eyed twenty-somethings roughing it up in the city.[/b] Thirty years from now milennials will be the same aging, stressed, adult people that 50-somethings are today. Times change. Things change. People change. Thirty years from now there will be another 20-something generation out in the world, just as convinced that it was them who invented all the cool things in life. [/quote] Not really. The suburbs are mostly packed with people who grew up in suburban environments. Their children are reacting to the barrenness of the suburbs and are flocking to cities, and preferring it to suburban life. Look at the trends - the age cohort has fewer drivers licenses, is driving less, biking more, and is preferring to live in smaller units and being closer to the hustle and bustle of the city. Yes, it will be interesting to see what happens when they procreate, but at least in the District, folks are generally staying and investing their time in the schools and the neighborhoods.[/quote] Again, all this purported sweat equity in the schools has produced are one decent MS and one mediocre HS in a city of over 650K people. Yes, there are a bunch of whites moving to the city and largely deferring most aspects of adulthood, but in a country that will become majority-minority very soon it won't keep upwardly mobile, successful minorities from seeking out the suburbs. Your urban lifestyle doesn't mean that much to people looking for space, quiet and good schools.[/quote]
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