[quote=bearishgurl]I saw these two articles recently in my “First Tuesday” subscription which both suggest that far-flung suburbs and exurbs will be the “last choice” of the biggest immediate-future homebuyer-group (Gen Y).
The first article touches on and the second one discusses in depth the premise that these suburbs/exurbs are sought after by the poor due to lower prices to rent/buy in. In this case, affordability trumps desirability….[/quote]
I wonder how many of these people even know and hang out with Gen Y. I know MANY Gen Y, and all of them say that once they have kids, they’re moving to the burbs. even ones who are current living in downtown and Hillcrest. I ask them why, and they said school and safety. They don’t want their kids to be able walk by a bar on their way to school. It would be cool to walk by a bar on your way to work, but not cool when you kids walk by one on the way to school. These are very educated Gen Y’er who put school quality a very high priority.
