“Bomm Echo” americans born between 1980 – 1995, better known as Generation Y, there are 80 million of them, want their home this close to work, school and hospitals with design modest and modern.
Tim Smith blogs on the “Echo Boom”, also known as Generation Y (Americans born between 1980 – 1995). His most recent guest post indicated that Echo Boomers might not be that excited about becoming homeowners. There are a lot of them and they will have to live somewhere, so there may still be opportunity in housing them.
Seize the Next Biggest Financial Opportunity
Are you an investor in real estate? Are you a real estate agent? Are you a homeowner looking to sell? Are you trying to rent a nice apartment complex? If you have any interest in housing, you may have cringed when reading about the Millennial attitude toward housing. However, whether Echo Boomers rent or buy, they will need housing, and there are 80 million of them. In other words, recognizing their demographics and preferences will separate the winners from the losers and that has huge financial implications in a generation as large as the Echo Boomers.
Who Will Buy and Who Will Rent?
In the past, I’ve argued that single moms and females will produce the strongest demand for housing in the future. Then a few articles I covered mentioned a different take: the new renter is probably a single… continue reading
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