Can Real Estate Pull Things Back

Interesting article on how Baby Boomers and their kids as a demographic force can pull the US back economically. That is if certain realities are accepted and the mistakes of the past Leary from.

Here is an extract;

But the biggest factor, one that will quickly pick up speed in the next few years, is demographic. The baby boomers and their children, the millennial generation, are looking for places to live and work that reflect their current desires and life needs. Boomers are downsizing as their children leave home while the millennials, or generation Y, are setting out on their careers with far different housing needs and preferences. Both of these huge demographic groups want something that the U.S. housing market is not currently providing: small one- to three-bedroom homes in walkable, transit-oriented, economically dynamic, and job-rich neighborhoods.

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