For the millennial generation that number is over 40%.

In the new age of millennials who seem to not be ready to buy houses, want convenience by living near town centers and nightlife, do you all see condos/apartments becoming a better investment opportunity?

To answer the question...in my city of Cincinnati this is what I observed across different markets is the following:A - 4-5 capB - 5-6 capC - 6-7 capD - 7-10 capF - 10-12+ capAnd I think...with the Millennials being the largest demographic group and wanting to rent more than buy, we will see cap rates go down even further.So, I am still buying but I focus on value-adds where I can raise the rents significantly.To me, it's no longer buy to get yield play (because the yield is just low) and it's now...buy, increase the rents, increase the value then sell (or refi).

He's the number one advocate of multifamily as he cites the fact that the U.S. population continues to grow, the U.S. is turning into a renter nation, credit profiles were destroyed during the recession, and millennials don't want to be tied down to a mortgage or location.

Here's a few posts to help you get quickly up to speed:https://www.biggerpockets.com/forums/621/topics/396725-millennial-migration-to-sacramento-2017---here-comes-the-rush https://www.biggerpockets.com/forums/55/topics/396376-looking-to-get-unstuck-in-the-sf-bay-area https://www.biggerpockets.com/forums/621/topics/398662-heres-what-fixer-uppers-on-the-mls-are-selling-for https://www.biggerpockets.com/forums/621/topics/416542-priced-out-is-rent-control-coming-to-sacramento Check those four posts out, and you'll know more about Sacramento than 99 out of 100 other investors out there haha.

Just decided to manage it myself instead.As for the Sacramento market, here are some posts I've written that should help you get a better sense of the trends here and where the market it headed: https://www.biggerpockets.com/forums/621/topics/586279-investing-in-sacramento-or-stockton-which-one-is-better https://www.biggerpockets.com/forums/621/topics/590913-rent-growth-in-sacramento-is-triple-the-national-averagehttps://www.biggerpockets.com/forums/621/topics/585796-sacramento-rent-control-101-everything-you-need-to-knowhttps://www.biggerpockets.com/forums/621/topics/396725-millennial-migration-to-sacramento-2017---here-comes-the-rushhttps://www.biggerpockets.com/forums/621/topics/398662-heres-what-fixer-uppers-on-the-mls-are-selling-forHopefully that helps you make a more informed purchasing decision.

Also, the millennials (the baby of the baby boomers) are still driving demand in the multi family space so I still feel there is significant growth opportunity available in the right market.At the end of the day, and in my opinion, buying multi's is all about the numbers, and there are still good opportunities to be acquired based on sound buying fundamentals.

Millennials especially are starting to move to the suburbs in larger numbers.

What is your experience with millennials Carl?

Here is a direct link to the article that Caleb mentioned:https://livability.com/topics/real-estate/millenni...tl;drcities listed are:Charlotte, North CarolinaFargo, North DakotaMemphis, TennesseePittsburgh, PennsylvaniaAthens, Ohio