Millennials VS Boomers

 

millenials vs boomers

Boomers VS Milleniaials for Housing

Who is going to dominate the Housing Market? Will it be the

Baby Boomers or Millennials?

There are 77 Million Baby Boomers and 82 Million Millennials.

We have heard that many Millienials are consumed with too much student debt and more likely to rent vs buying in urban centers where they  can live close to where they work and public transportation.

In contrast there are 10,000 Baby Booomers retiring each day and most likely be downsizing and moving to urban centers or warmer climates or living in both location.

According to University's Joint Center of Housing those 55 and older account for 42% of the growth of urban renters. This posses a problem and challenge for the housing market. First who are those people buying the homes of these empty nester baby boomers? Second will there be enough rental units to support the demand of both Boomers and Millenials.

On the flipside I see many opportunities for future housing. Millenials who are saddled with too much debt need  more affordable housing.  There is a need for more Small spaces or apartment cooperatives to  serve the Millenials. Baby Boomers on the otherhand have disposable income and savings are willing to pay more for luxury rentals that have amenities.

 

   Wanted:Baby Boomer, Millenial, or Real Estate Inestors

Call 708-309-5334

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