Wall Street Journal reports on some workshops at the National Association of Home Builders (NAHB) which reveals that today's "Generation Y" have different preferences than their parents did, and are not looking to buy McMansions.
For the suburbs-if they want to keep the younger generation at home, as well as attract young professionals, I believe that suburbs will want to develop a downtown urban core dense enough to support activities such as restaurants, shopping, etc.
An example may be the City of Waukesha's downtown area which has seen a few new buildings sprout up which contribute to supporting the downtown businesses. It doesn't have to be all multi-family housing, of course-homes on smaller lots can be affordable to younger people, and properly placed near downtown core with mass transportation and/or paths for pedestrians and bicyclists might do the trick.
About the Bloggers
- Max Max
- Milwaukee, WI, United States
- I have worked at a metropolitan non-profit on housing issues for over a decade. I serve on a variety of boards, committees, etc. from local to national levels. My identity is not intended to be a secret, but am blogging under Max Max (in honor of my cat) to separate my opinions and statements from my agency's. Opinions and statements expressed on this blog are my own and not representative of any organizations or coalitions I am affiliated with.
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