Interesting article on the changing tastes of real estate. It predicts that baby boomers will sell off their homes for smaller sized residences. But it also touches on the changing tastes of the younger demographics.
Many current households with children will want to move up to these
houses, but demographics and preferences have changed — about a quarter
of those who would be considered in their prime buying years now want
something else, like condos or town houses. And that's a significant
change, because that kind of preference (from that buying group) used to
be nonexistent.
This of course poses interesting challenges for cities. Can cities accommodate a flood of seniors looking for quality rental units?
