American family and household structures have much greater variety than fifty years ago, and multigenerational living is on the rise.
The Bay Area has four of the twenty hottest real estate markets nationally, according to realtor.com. Another top-twenty metro is just south of us, and three others are also located in the Northern California region. Or, as some are starting to call it, the Northern California Megaregion.
The popular stereotype of millennials–spendy and impractical–is just that–a stereotype–according to a recent survey of millennial first-time homeowners.
“Northern California had a strong start to the Spring home buying season notwithstanding low inventory. The housing market continues to experience an abundance of buyers, and in most cases, multiple offers on reasonably priced listings. New listings continue to come on the market, but not at a rate that meets buyer demand.”
As part of the on-going boomer conspiracy to dodge responsibility for everything wrong with the world, The Wall Street Journal contends that the country’s housing shortage is due, at least in part, to “the rush of young people to U.S. cities over the past few years”. “As young people and builders have shifted their focus toward trendier urban markets,” the Journal reports, “overall housing construction has declined”.
The California Association of REALTORS makes a compelling case that boomers still matter.
Another month of “to infinity, and beyond”.
Ranch-style home, or socialist worker housing? Big back yard, or a tiny deck with a sweeping view of your neighbor’s tiny deck? A 2017 kitchen, or a 1955 kitchen?