??? Young white ppl will move into cities, gentrify them, buy homes, home values will rise, older brown residents will be pushed out.
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You forgot the missing step: "Become NIMBYs to prevent new home building to ensure the price of existing homes goes up, pricing out the poor
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And some of have beards, too!! ;)
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millennials are killing the Ugly Houses market?
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They've already killed the McMansion blog. https://www.buzzfeed.com/jimdalrympleii/zillow-went-after-this-23-year-olds-popular-real-estate?utm_term=.pbg3DZyab8#.pbg3DZyab8 …
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LOL, "pioneers" will reap the profits of gentrification by leveraging their parents' accumulated wealth. Already happening.
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Whenever they ask "How do we get millenials to choose cities?" they're only talking about white, upper middle class millennials.
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Thx for calling out the implication in 'millennial'. I was born in '82 in South L.A. Few consider ppl like me in that term...
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just guessing, but: "millenials become perpetual renters" + "suburban home values go down as parents sell home for medical costs"
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Also, why would moving to cities obviate generational wealth?