blockitecture leaderboard

Don't Count on a Millennial to Buy Your Suburban Home

James Briggs speaks for his Millennial generation cohorts when he outlines the many reasons why unloading that suburban home on young buyers will be a hard sell.
caswell_tom / Flickr

"If you're a homeowner, there has been a lot of great news for you lately — namely rising home priceslack of inventory and bidding wars among increasingly desperate buyers," says Briggs. "Although the housing market isn't on fire like it was in the early 2000s, it also isn't imploding like it was in 2009. All in all, if you're looking to sell a house now, you should feel thankful about your timing."

"But take heed, baby boomers and Generation Xers. If you're planning to hold onto your home for years to come, don't count on my generation — the millennials — to buy it from you."

"Urban housing projects — even town center-style developments in the suburbs that are built near major transportation hubs — are likely to do well with my generation," he adds. "But if you own a large house that's miles from daily conveniences, don't expect us to buy it."

Full Story: Letter from a millennial: We're not going to buy your house

Comments

building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Red necktie with map of Boston

For dads and grads: tie one on to celebrate your city!

Choose from over 20 styles imprinted with detailed city or transit maps.
$44.95
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95
Book cover of Unsprawl

Unsprawl: Remixing Spaces as Places

Explore visionary, controversial and ultimately successful strategies for building people-centered places.
Starting at $12.95