Also the age group buying these homes most of the time are 35+ i don't consider them to be millennials like yourself and me. 

I've also written more in-depth about this migration trend here if you're interested:https://www.biggerpockets.com/forums/621/topics/396725-millennial-migration-to-sacramento-2017---here-comes-the-rushAnyhoo, Sacramento City Councilman Steve Hansen recently held a town hall meeting to discuss the issue and over 100 people showed up to the event. 

We're already seeing millennials being unable to purchases houses due to student debt, so if interest goes up they are even more likely to be out of the market.This is leading many to move over to multi-tenant properties as they usually are the last to go in a downturn, and the first asset class to make a comeback.

But if you are waiting for the bottom to fall out of multifamily housing, it isn't. with 4.6 million unit shortage and 90 million millennials entering the rental market and Gen Z right behind them.

Being in the millennial age group myself I understand That we must focus on the future ahead for our investment strategies and cater to the market we are targeting and the new and upcoming generations.  

As a millennial I agree with @Brian Ellis .

Hey everyone,My name is Jordin Roussell. I'm 20 years old and am from New Orleans, Louisiana. Over the past year or so I have showed some serious interest in Real Estate investing, but little to no action. Recently a ...

If your a Millennial you can quit your Job and do work you love.   

Millennials (once known as forever renters) are now the largest group of first time buyers4.)

The location is more family friendly, than millennial focused so want to keep it fairly simple.