Finally, there are general demand drivers that will not change immediately, and therefore keep sentiment low: inflationary environment pushes more capital to hard assets, recessions push money to hard assets, news outlets running stories about how this millennial or that has made a killing in real estate pushing more people to real estate in all forms, office and retail money moving to multifamily and industrial as the pandemic and consumer patterns have shifted for the long term.Will there be a correction, or at least a slow down, yes.  

Millennials and Baby boomers are wanting to rent and the job market lends to people being more transient.  

While I'm watching and learning the finer points of negotiating with sellers, filling out contracts and estimating rehabs, I'm almost always at the local REI stuff (MNREIA, MNREC, Millennial Investor Focus Group, and more) trying to network and learn what I can about marketing for motivated sellers.I grew up in Kansas City (Go Royals!)

Now many millennials and baby boomers are looking to just pass all that hassle on to hoa and be just fine with that.

This holds especially true for millennials searching to get their foot into the job market, and have not been able to find their place in the old model.This results in the need for everyone to begin looking for ways to earn passive income to adapt to the new gig economy.

Millennials and Baby Boomers will make up the majority new renters looking going into 2025.

@Art Ritter - I am a little concerned about the millennial generation.  

I'd like to think if developers could build it the Millennials will come.

Adidas, Gucci, SnoopDogg are already in there, I think this is really happening but it won't attract all the generations to it, however it is attracting millennials and Gen Z.I think at this point there is very little information out there, the ones that are better informed are the ones making the big bucks, by the time that everybody realizes that this is multimillion "new" business, it will be too expensive to get it, just like many other trends.My very humble opinion.

Other thought...do you often find millennials that have 25% to put down?