{"id":4145,"date":"2017-07-11T15:07:22","date_gmt":"2017-07-11T15:07:22","guid":{"rendered":"https:\/\/genhq.com\/?p=4145"},"modified":"2022-07-23T10:57:27","modified_gmt":"2022-07-23T10:57:27","slug":"millennials-dont-want-buy-baby-boomers-homes","status":"publish","type":"post","link":"https:\/\/genhq.com\/millennials-dont-want-buy-baby-boomers-homes\/","title":{"rendered":"Millennials Don\u2019t Want to Buy Baby Boomer\u2019s Homes"},"content":{"rendered":"<p>A decade or two ago, Baby Boomers were raising their Millennial children in large homes with closed floor plans and spacious yards. My how times have changed. In fact, those same Baby Boomer dream houses are struggling to attract Millennials as buyers\u2014or even woo other Boomers as homeowners. Why? <span style=\"text-decoration: underline;\"><a href=\"mailto:http:\/\/www.realtor.com\/news\/trends\/boomers-millennials-and-the-mcmansions-no-one-wants\/\" target=\"_blank\" rel=\"noopener\">Millennials want to live closer to urban areas<\/a>,<\/span> want open floor plans, prefer access to outdoor activities to having a yard they need to maintain, and they are trying to stretch their dollars for a better location nearer the city center rather than in the suburbs. And it turns out Baby Boomers want the same thing.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-4146\" src=\"https:\/\/genhq.com\/wp-content\/uploads\/2017\/07\/homegif.gif\" alt=\"\" width=\"870\" height=\"500\" \/><\/p>\n<p>Jason Dorsey, a Millennial and Gen Z expert whose\u00a0<span style=\"text-decoration: underline;\"><a href=\"https:\/\/jasondorsey.com\/tedx-talk-igen-gen-z\/\" target=\"_blank\" rel=\"noopener\">TEDx talk on Gen Z<\/a><\/span><u>\u00a0<\/u>has over 200,000 views, describes the situation candidly. He explains, &#8220;it\u2019s more important [for Millennials] to have proximity to the lifestyle they want\u2014their living room is actually the park outside the condo,&#8221; rather than buying the massive homes Baby Boomers are putting on the market as they downsize.<\/p>\n<p>We\u2019ve identified three features Millennials are looking for\u2014and they are often missing from the &#8220;McMansions&#8221; Baby Boomers are trying to sell:<\/p>\n<ul>\n<li><strong>Smaller spaces with open floor plans:<\/strong>\u00a0Both Boomers and Millennials are looking for condos and other smaller dwellings\u2014but for different reasons. Smaller housing appeals to Baby Boomers because they believe they can age at home with more ease. Millennials, on the other hand, are drawn to smaller homes because they are unwilling to pay for the cost and maintenance of larger homes.<\/li>\n<li><strong>Locations with an urban flavor:<\/strong>\u00a0By leaving the traditional houses and big yards behind, Millennials prefer their homes be <span style=\"text-decoration: underline;\"><a href=\"\/millennial-magnets\/\">located in a walkable area with an &#8220;urban flavor<\/a>.<\/span>&#8221; In non-urban areas, Millennials seek out smaller homes with walking access to coffee shops, restaurants, and stores. In addition, they want to be surrounded by the urban amenities to which they have grown accustomed\u2014bike lanes, social events, restaurants, and shops.<\/li>\n<li><strong>High-end amenities inside the home:<\/strong>\u00a0Besides a smaller home and instant access to the conveniences of city life, Millennials look for interiors with high-end features. They seek current trends in luxury bathrooms, high-quality finishes, and the latest in home technology and appliances.<\/li>\n<\/ul>\n<p>So who is going to buy these large Baby Boomer houses? Maybe Gen X will step up and fill in the gap! And if not, this could be a great time for Millennials to buy their parents\u2019 house at a discount and then let their parents pay them rent.<\/p>\n<p><em>From custom research to acclaimed Millennials keynote speeches,\u00a0we help you solve your toughest generational challenges with new solutions and specific actions.<\/em><\/p>\n<p><span style=\"text-decoration: underline;\"><strong><em><a href=\"\/contact\/\">Contact us<\/a><\/em><\/strong><\/span><strong><em><span style=\"text-decoration: underline;\">\u00a0<\/span>to see how we can help you solve your generational challenges and unlock the potential of every generation.<\/em><\/strong><\/p>\n<p><strong>Remember to <\/strong><span style=\"text-decoration: underline;\"><a href=\"\/gen-z-2017\/\"><strong><em>check out our new #GenZStudy<\/em><\/strong><\/a><\/span><strong><em>\u00a0and follow us on Twitter at @JasonDorsey or @WhatTheGen for our latest research and discoveries<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A decade or two ago, Baby Boomers were raising their Millennial children in large homes with closed floor plans and spacious yards. My how times have changed. In fact, those same Baby Boomer dream houses are struggling to attract Millennials as buyers\u2014or even woo other Boomers as homeowners. Why? Millennials want to live closer to [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":4146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17,23,13],"tags":[],"class_list":["post-4145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baby-boomers","category-media","category-millennials-aka-gen-y"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Millennials Don\u2019t Want to Buy Baby Boomer\u2019s Homes - The Center For Generational Kinetics<\/title>\n<meta name=\"description\" content=\"Who will buy the big houses that Baby Boomers are trying to sell? 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