Are Young People Giving Up On The Suburbs?
The Wall Street Journal covers the big NAHB International Builders Show and looks at the future of housing for Generation Y, the twenty-somethings. Not surprisingly, they want to walk and cycle to work, want to live in urban settings and don't want McMansions.
It is pretty silly; it was ever thus. Young people almost always want to live near the pubs and the restaurants and their friends, and don't have a lot of money for cars and parking. But what happens when they get older? Do they move to the 'burbs?
Not necessarily. We covered Wendy Waters's New Study Says Young People Want Apartments, Not Houses; iPhones, Not Cars which noted that working women liked being close to their kids, that people no longer think that cars mean freedom the way they used to.