Peak Millennial? (Jackson: real estate, apartments, condos)

[arjay57]

Interesting item in the NYT the other day.

Is this accurate and if so how would the ATL be affected?

Over the past decade, many American cities have been transformed by young professionals of the millennial generation, with downtowns turning into bustling neighborhoods full of new apartments and pricey coffee bars.

But soon, cities may start running out of millennials.

A number of demographers, along with economists and real estate consultants, are starting to contemplate what urban cores will look like now that the generation — America’s largest — is cresting.

Millennials are generally considered to be those born between the early 1980s and late 1990s or early 2000s, and many in this generation are aging from their 20s into the more traditionally suburban child-raising years. There are already some signs that the inflow of young professionals into cities has reached its peak, and that the outflow of mid-30s couples to the suburbs has resumed after stalling during the Great Recession.

More....Peak Millennial? Cities Can’t Assume a Continued Boost From the Young

[arjay57]

And here's a counterpoint article.

Are Cities Reaching 'Peak Millennial'? Not So Fast - CityLab

[Hokiehaven]

Originally Posted by arjay57

And here's a counterpoint article.

Are Cities Reaching 'Peak Millennial'? Not So Fast - CityLab

If given the chance, most people I know of that generation or just after are trying to stay as close to the city as possible, even if it's in a house.

[fourthwarden]

Originally Posted by arjay57

And here's a counterpoint article.

Are Cities Reaching 'Peak Millennial'? Not So Fast - CityLab

That was a good read.

While I don't see the flow of young people to city centers decreasing anytime soon, especially with continued efforts to rebuild the core cities across the country, I do think that more could be done to help maintain the city as an (more) attractive place for families in general.

Schools, I think, will generally follow from their student base, and so I'm more concerned with making the city itself as attractive, otherwise, as possible.

Taking advantage of historic clusters of commercial property in historic streetcar suburbs is a start, especially restarting blighted clusters in historically impoverished neighborhoods. Adding more 'family oriented' housing is also a must, even if it's in the forms of more 3 bedroom town homes or apartments or condos or such.

There're a pile of relatively small things that would add up in a big way in the long run, though.

[cqholt]

Schools. If the schools for West End and the Westside BeltLine do not improve, all those young families will move out. We are seeing a huge improvement in Jackson Cluster, which is making areas like Peoplestown, Boulvard Heights attractive.

[Stormhammer]

As a few others have mentioned, schools have a large impact on the transition of any millennials leaving an urban core, among other items.

[AnsleyPark]

Move to the more affordable suburbs (even the inner ones) and save your money for retirement. Better than having to work until you die at your desk!

[arjay57]

Schools, affordability and elbow room.

[cqholt]

Originally Posted by AnsleyPark

Move to the more affordable suburbs (even the inner ones) and save your money for retirement. Better than having to work until you die at your desk!

Thanks, but I'll pass and not die in my car while commuting to my desk.

[arjay57]

Originally Posted by cqholt

Thanks, but I'll pass and not die in my car while commuting to my desk.

What if you had a job in the suburbs and didn't need to do much commuting?