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Old 01-28-2020, 06:46 AM
 
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I noticed one of the topics in an upcoming seminar is whether millennials will continue to flock to hipsturbia's and 18 hour suburban cities. It kind of makes sense when you think about it.
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Old 01-28-2020, 07:11 AM
 
Location: North Atlanta
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What's an 18-hour suburban city?
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Old 01-28-2020, 07:53 AM
 
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Projected migratory patterns continue to prove that the majority of the world's populations are moving to cities or suburban areas due to resource access and the concentration of jobs. It would make sense that anyone alive during that time, including millennials, are part of that pattern.
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Old 01-28-2020, 08:05 AM
 
Location: Sandy Springs, GA
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I had to look up the definition. Millennials will go where they can get a financial foothold and have some semblance of a rewarding social and active lifestyle.

Even some of these 2nd tier cities are experiencing rent hikes and CoL inflation
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Old 01-28-2020, 02:06 PM
 
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Quote:
Originally Posted by arjay57 View Post
I noticed one of the topics in an upcoming seminar is whether millennials will continue to flock to hipsturbia's and 18 hour suburban cities. It kind of makes sense when you think about it.
I think you might get a better response if you define the terms (I looked them up), and they are both a little esoteric.

That said, most of these types of trends go in waves, changing when the underlying dynamics change. I am a millennial, and I desire (and moved to/near) both of these. Marietta functions as a hipsturbia, and Atlanta is an 18 hour city. I enjoy that I get the classic suburban qualities in East Cobb, but Marietta Square/Roswell/Woodstock/Alpharetta give me some of the urban aspects I still desire (programming, coffee shops, non-chain restaurants, etc.)

We are also seeing trends where 18 hour cities are getting too expensive, and people are moving to lesser known, former rust belt towns that are extremely cheap and urban, and are not being invested in.
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Old 01-28-2020, 03:58 PM
 
Location: ATL -> HOU -> DAL -> ATL
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I was thinking about this the other day. Many suburbs have tried to emulate urban aspects in downtown areas or with new builds. A lot of criticism is thrown their way (on this forum as well) that it's just drive to urbanism but many are ok with that. There's been a lot of success. I just moved to Alpharetta off Haynes Bridge and 400 and I'm really excited. My commute is <15 minutes and a breeze. I'm only 5-10 minutes from more bars and non-chain restaurants than I need. If I just want to hit up a bar or two with some friend I can absolutely do that. It's a much different feel from Snellville where going to a bar meant Chilis, Applebees or the weird bar where everyone was 50+ and getting drunk on a Tuesday night. That's not so much the case here (well, there might still be people getting drunk on a Tuesday).



Quote:
Originally Posted by Tarzanman View Post
Even some of these 2nd tier cities are experiencing rent hikes and CoL inflation
True in the suburbs as well. It's still cheaper than in town areas but it's not exactly cheap. Same case when I lived north of Dallas.
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Old 01-28-2020, 06:28 PM
 
Location: Frisco, TX
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Quote:
Originally Posted by arjay57 View Post
I noticed one of the topics in an upcoming seminar is whether millennials will continue to flock to hipsturbia's and 18 hour suburban cities. It kind of makes sense when you think about it.
Homeownership and fertility-rates amongst millennials is much lower than boomers or gen-Xers when comparing similar ages across the three groups. I bet there will less demand for 4,000 sq. foot, 6 bedroom houses in the coming years.

Quote:
Originally Posted by Gulch View Post
What's an 18-hour suburban city?
I would also I like to know this.
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Old 01-28-2020, 06:45 PM
 
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Quote:
Originally Posted by Soccernerd View Post
Homeownership and fertility-rates amongst millennials is much lower than boomers or gen-Xers when comparing similar ages across the three groups. I bet there will less demand for 4,000 sq. foot, 6 bedroom houses in the coming years.
The suburbs offer a whole lot of other options.

There are gazillions of apartments, condos, townhouses and smaller single family homes in the suburbs. Great shopping, jobs, parks, trails, employment centers, bars, restaurants, cultural amenities, you name it.
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Old 01-28-2020, 07:00 PM
 
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Here is some more background on the "Hipsturbia" trend that arjay is referring to...

"HIPSTURBIA – The “New Cool Urban Suburb” attracting Millennials and Babyboomers Alike" (Real Wealth Network)
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Old 01-28-2020, 07:05 PM
 
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‘Hipsturbia’: It’s What All The Cool Suburbs Are Doing And It’s A 2020 Trend (Forbes)

What to Know About “Hipsturbia,” the Biggest Trend in Real Estate
...Millennials and Gen Z are targeting cool suburbs, sometimes not by choice
(Inside Hook)

What's Happening with Hipsturbia in Atlanta (Urban Land Institute Atlanta)
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