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The Gen Y Effect: Millennial Urbanization - By Matt Britton Keynote Speaker

Name: The Gen Y Effect: Millennial Urbanization - By Matt Britton Keynote Speaker
Uploaded: 2018-10-17T21:58:13Z
Channel: Matt Britton
Description: Millennials are choosing dense urban centers over suburban homes, accepting smaller spaces to stay near job markets and culture. Rising city real-estate…

17 Oct 2018

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Millennials are choosing dense urban centers over suburban homes, accepting smaller spaces to stay near job markets and culture. Rising city real-estate prices and improving urban schools reflect this shift, while blue-collar workers move outward to suburbs.

Do you think does still have that access over ownership approach when they're into their 30s or will they get to the stage where they do want to settle down?
They'll settle down. But settling down for this generation is going to look a lot different than settling down on previous generations.
Yeah, well, how will that change?
Urbanization, number one. So this generation wants to stay in cities. So the version of moving out to the suburbs and buying that two car garage, white picket fence home, that's not what this generation wants.
So they won't even be in the suburbs. They want to be right in the.
Heart of the city. The notion of the inner city blue collar worker is now being pushed to the suburbs. This generation wants to stay in major cities. Schools are becoming better, they're becoming Safer in a 24 hour news cycle. Where they want to be where the action is. The action is in the cities and that's being reflected in real estate prices all around the world. The trend is going in that direction that this generation is sacrificing the space.