Changing The Menu For Gen Y
If the Baby Boomers began the movement to bigger houses, Generation X perpetuated it because of the numbers of them playing with large salaries and an economy that was on fire.
Many Gen Xs were able to buy the 'house of their dreams' at a very young age and at a time when property values seemed to be only ever spiraling upwards. Current research suggests that we may look back on Generation Y as a demographic group that effected a change.
It seems they may shape more compact urban developments, this generation driven more by location, design and style, environmental sustainability and diversity in use rather than a focus on size.
With somewhere around 5.5 million Gen Ys - 200,000 more than Baby Boomers and 700,000 more than Gen Xs - that may be food for thought!