But home ownership importance will slightly dwindle as younger millennials and gen Z put more importance on flexibility.* Additionally, the home ownership will occur at later ages given the high cost to entry, later home formations, etc.* The number of primary residence homeowners will practically flip from the 65% it is today in the other direction in the next 20 years, creating a nation of renters and further consolidation of owners — leading to a larger pool of renters looking for a myriad of rental options.MY APPROACH: target markets & sub markets that have strong macro fundamentals (pleasant to live, lower taxes, landlord friendly, strong industry) and assume that the ~$600k house today will be $1.5m+ in 30 years because there will always be a new norm when there is a combination of inflation, low supply, and the gov’t printing money/debasing currency.If a property can cover its costs today and I plan to long term hold then I’ll let rent growth, appreciation, and time do its thing.

I recall reading that millennials have finally surpassed boomers in numbers, and we are at peak home-buying age. meanwhile, boomers are not selling due to downsizing costing more than staying put and 'aging in place'. 

Millennials, only a small percentage owns homes but most of this generation has had a change in heart.

Millennials.Most people moving from California to Texas are millennials, making up 46% of those decamping to Texas.Millennials who moved to Texas had an average household income of $114,000 per year, 21% more than what millennials bring home overall at a national level ($94,000 per year).The million-dollar differenceHomes cost, on average, about $282,000 less in Texas compared to California, amounting to a 70% price-tag difference.In particular, two moving routes can result in savings of over $1 million.

The coliving model also seems to be dominantly driven by millennials and solo-preneurs, hence you would also probably expect more of a demand for Hot Desks, Dedicated Desks, or small 1-3 person Private Offices in your coworking space.

We also believe the planned redevelopment of downtown will continue to attract millennials  to the city.Wouldn't see San Antonio as an explosive market to be in but definitely more like a slow and steady growing city, which is also a good thing in my opinion.

One of the attractions, Oklahoma River Sports is a state of the art $45 million whitewater rafting and kayaking center that opened in 2016 and is home to the US Olympic kayak and canoe team.4.Oklahoma City is consistently voted one of the most affordable places to rent in the country, as well as one of the best places to invest in real estate.5.Studies have shown that millennials are flocking to Oklahoma City.Oklahoma City was voted among the top 10 cities that are attracting millennials as well as the 7th best cities to start a career.Millennials are adults age 20-35 years of age.Studies show that millennials boost economies.6.Oklahoma City has received numerous awards such as:a.2017-Top-10 major markets for housing affordability(Demographia)b.2017- Top 10 US cities where everyone wants to live (Business Insider)c.d.2016-Top-10 among large cities for recession recovery (WalletHub)e.2016-Top Metros for wage growth over the past decade (Forbes)f.2014- 1st in best city to start a business in (Kiplingers)g.2016-Best cities for workforce (Global Trade)h.2016 -among the top cities rebounding from the recession (CNBC)i.2016-ranked number 1 for quality of life (Business Facilities)j.2016 ranks number 1 for Women entrepreneurs (Merchant Cash USA)k.2016 ranked number 8 for millennial home population(Smart Assett)l.2016-Best bang for your buck housing market (Angie’s List)m.USA Today Reported,” Since 1999 the number of Californians departing the Golden State for Oklahoma has outnumbered those going the opposite direction by more than 21,000….The influx of Californians is a sign of Oklahoma’s growing economicprowess.”

Today, given demographics related to the Millennial population, we are developing mostly studios (efficiency), 1's, and a small amount of 2's.So the podium style building is the same, but the unit mix based on demographic and economic trends changes. 

Market average is well over twice that, so we're able to renovate and bring the properties to market at below market rates, allowing for a very competitive reposition.Chattanooga: Millennials are flocking to this city because of the University of Chattanooga, the bar / restaurant scene, the quality of internet, and the outdoors.

Then integrity, honor, and reputation is clearly lost on this (millennial) generation.