Will Urban-Loving Millennials Become Suburban Parents?
Real estate advisor Melina Duggal suggests that while studies show that today Millennials are seeking urban digs, that preference could change as they grow older and suburbs get more walkable.
Duggal also cites a a recent report by Morley Winograd and Michael D. Hais, authors of Millennial Makeover: MySpace, YouTube, and the Future of American Politics
According to the report, "43 percent of millennials describe suburbs as their 'ideal place to live,' compared with just 31 percent of older generations. It found that 54 percent of millennials live in suburban America, and most of those who do say they want to raise their own families in similar settings."
University of Southern California economics professor Peter Gordon reacts:
"The renaissance/revival/regeneration fantasies will have to be placed on hold one more time."
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Published on Monday, June 13, 2011 in
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