I found this interesting article about potential housing trends on Yahoo. It seems the responders are heavy on idealism and light on reality at this stage of their lives. I wonder how this will play out in the long run. Will their attitudes and taste change as they start raising families of their own or after they inherit their parent's estates? One thing is for certain and that is that trends are cyclical and sooner or later the pendulum will swing back the other way.
With that said, I'm still glad to see the idea of smaller homes being presented to the masses. When you look at the challenges facing boomers; retirement accounts with lower balances than hoped for, pension plans for corporations, city, county and state government facing very serious cash flow problems, and of course, social security on the ropes, you realize that the dream and the reality of retirement are two very different pictures for many boomers. Governments, society and individuals are going to have to take noticeable steps to avoid a major train wreck. Smaller, less expensive housing options are going to have to be a part of the solution. The more that seed can be planted in the minds of the masses the better. What say ye?
Scott
Here is a link that might be useful: Gen Y Shuns McMansions
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