Being a millennial (born late 70’s-early 2000) we obviously think a lot different than our parents, but there are a lot of similarities. For instance we care about our environment, personal free time, and larger social networks. We also are very hard workers, but we are results driven and don’t need to be in the office to get things done (aka face-time). We are also not in a rush to get married and have kids, (especially in CA, or NYC) cause we are responsible and either don’t want them, or can’t afford them; therefore are mostly renters cause mobility is key when you are young and starting your career. Yes we do like urban areas, because why would you want to spend your life on a freeway when you can be working and playing with all you buddies downtown? A big house is nice, but honestly not very practical. Also, why would your friends want to come out to the burbs when all the fun stuff is downtown?
Personally I own my own home, because it finally made sense after I had my third child. So now I own this big house with 5 bedrooms in suburbia, cause I need to. But trust me that once the kids are old and in college and moved out, my wife and I are going to move back to the city; with the food, the culture, and the nightlife.