[quote=paramount] . . . millenial buyers IMO have very unrealistic expectations.[/quote]
So true. This is mainly due to exposure to too much “reality TV,” IMO. After regularly watching the Kartrashians and all these young (mostly unemployed) roomies living very comfortably together in $2.5M++ homes in Encino, I could see how the average college-aged young adult believes that it is so easy to have/obtain a life like that and that they “deserve” a home like this (no matter what the kind of home they grew up in).
In the past 15 years or so, reality TV has played a big part in “managing up” millenials’ housing expectations through the stratosphere. It’s going to be interesting to see what this group typically buys once they start buying homes en masse, which (at least in CA coastal counties) hasn’t happened yet.
