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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]i think DC is starting to become more like other major cities - where the wealthiest live in the city, and those with less $ live further out. think London, Paris, New York, etc. Eventually some of the millennials will move to the burbs when they have kids, some will stay put and their kids will go private if their parents earn enough $$ or if the millennials' boomer parents pay for private school (there will be a huge transfer of wealth once the boomers start getting older and dying), and some will luck into good schools/charters. But the reality is - more will stay in the city than they used to, but many will also move to the burbs because they are priced out of a house and good schools. And there are a ton of millennials - so there are definitely enough of them to buy the mcmansions even if many stay in the city. [/quote] You seem to be labeling as "reality" what is nothing more than a prediction, while omitting one significant cohort from the equation - the urban Millenials who will stay in the city and never have kids. These people often have an disproportionate impact on local government and their interests are frequently not aligned with those of parents, as they favor spending on other social services besides schools and oppose land being acquired or developed for schools. When that group comes into conflict with parents who only want the best for their kids, it is usually the latter who blink first and move out. It's [/quote]
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