will the Millenials ruin the housing market?

[briansd1]

Walter, didn’t you once say that you’d be willing to impregnate if we run short on babies?

Here’s an interesting story on a guy who’s donating sperm for free:

http://latimesblogs.latimes.com/lanow/2011/12/fremont-man-donates-sperm-gets-reprimand-from-feds.html

[The-Shoveler]

Will Millenials drive the next Housing BOOM!!!

Here is My Contrarian view.
Virtually all my Boomer Friends have their Kids and grand Kids living at home , and NOT because they “WANT TO”, but because they “HAVE TO”, Others who are living away even have Jobs that would allow for them to PAY for a mortgage but cannot “GET” a mortgage because of the tighter lending standards now, (really if ever there was a time for looser lending standards in most areas in the US. not Coastal SD really, “NOW IS THE TIME” not back in 2004-6).
I think once the ball gets rolling it will pick up speed a lot faster than most think.
But that is just my opinion .

Oh and I did live in a Van for about two months once. (spend most of the time by the beach so not bad really, you can get away with that when you are young).

[scaredyclassic]

I got a vasectomy so I’m useless. Also, I’m not taking on any more offspring.

No one wants my sperm, anyway.

[briansd1]

WASHINGTON — The population of the United States grew this year at its slowest rate since the 1940s, the Census Bureau reported on Wednesday, as the gloomy economy continued to depress births and immigration fell to its lowest level since 1991.

I still think that legalizing 11 million undocumented immigrants would be great for the economy and housing.

[an]

[quote=briansd1]

WASHINGTON — The population of the United States grew this year at its slowest rate since the 1940s, the Census Bureau reported on Wednesday, as the gloomy economy continued to depress births and immigration fell to its lowest level since 1991.

I still think that legalizing 11 million undocumented immigrants would be great for the economy and housing.[/quote]
I say giving the millions of people who wants to get a green card and have a BS degree or greater would be a greater help for the economy and housing. How about the many students who came here to get a college education, only to be kick out after they graduate.

[bearishgurl]

My personal experience with this group tells me that “Millenials” do NOT want to commute to their jobs and do NOT want to do yard work in their “spare” time.

This doesn’t bode well for the future marketability of SFR’s located on largish lots in the exurbia stix.

One thing I CAN say positive about this group is that they appear to have employers eating out of their hand because they are not afraid to VOTE WITH THEIR FEET! It matters NOT that unions are not the stronghold they once were!!

Boomers kept their heads down and stood in single file as “yes-men and women,” typically spent a good portion of the day on “required” brown-nosing, adhered religiously to all the internal rules and regulations and gave the appearance of cheerful acceptance of being docked vacation hours/minutes by their employer for coming back late from lunch. OTOH, Millenials have no problem routinely demanding job-sharing, flex time, copious leave without pay, loose-and-casual dress code (no pantyhose and ties in this group), headphones in their ears constantly, answering cellphones and texting on the clock, etc. If their employer doesn’t like their “idiosyncrasies,” the “millenial employee” will simply follow through in voting with their feet and employers are well aware of this.

I gotta hand it to the “Millenial set.” They have employers eating out of their hands, regardless of talent, skills or punctuality, because to replace the ones who “vote with their feet” with an experienced Boomer who needs a job will cost the employer dearly in the form of 3-4 times the health care premium of a Millenial. Especially in a biz with =< 50 employees. Yes, even if a Boomer with 35+ years experience in the field will work for "Millenial wages," they are still perceived to cost too much money to today's employer.

[UCGal]

BG –
I’m technically a boomer (tail end of the group though)… I LOVE the fact that pantyhose and ties are obsolete. Love love love it!. Although the tie and hose thing is still around on the east coast to a degree.

My boomer bosses are worse with the cellphones and texting than the younger crowd… in meetings they are constantly taking calls, or answering emails/txts. I don’t think that’s a generational thing – I think that’s a cultural shift that has occurred in the workplace.

You work in one of the last fields to stay formal with suits and stockings… the legal field. And even that has started shifting. You used to have to wear formal business attire for jury duty. Now it’s “business casual” and I’ve seen flip flops and shorts in the jury rooms. The culture is shifting.

[briansd1]

I agree with you BG.

In San Diego you don’t really come into contact with millenials as much because we are spread out and suburban.

But in Chicago, NY, Philly, SF, you run into them in the city everywhere.

The urban cores of cities are doing well because millenials want to live near their friends within easy reach of public transport. Millenials might like community gardens but they don’t want to mow their own lawns. Spreading artificial fertilizer on a lawn to make it perfectly green is just repulsive to millenials.

I actually agree with their attitudes. They are educated and more philosophical about life so they believe that employment-at-will should be a 2-way street. If the employer can fire them anytime, then they should be able to fire the employer anytime also.

I don’t agree on the casual dressing thing though. I’m not into suit and tie, but I think there should be a certain amount of decorum. Clothing should be neat and fitted and clean looking.

When I go to a restaurant, I don’t want to see people in shorts or flip flops . It’s disgusting looking and ruins my appetite.

I have a young millenial cousin in Bloomington, IN. He graduated from Indiana Univ and traveled the world. He has a great job now at the university as a programmer; and since he’s really smart, he said that it takes him 20% of the time he’s assigned to finish a task so the rest he goofs off.

He owns no car, bikes to work even in the snow and not really interested in money. His gf is from a rich family but neither of them are into the yuppie professional lifestyle. They just lead easy-going bohemian lifestyles.

I kinda admire that. Better than stressing out over qualifying enough to buy a house, paying for the cars, etc…

[Reality]

[quote=briansd1]
I actually agree with their attitudes. They are educated and more philosophical about life so they believe that employment-at-will should be a 2-way street. If the employer can fire them anytime, then they should be able to fire the employer anytime also.
[/quote]

Everybody I know believes this, and most are much older than the ME generation.

The reason this attitude seems more prevalent with the ME generation is because they have the leverage with their boomer parents supporting them financially. Take that safety net away and we’d see how “philosophical about life” this group is. Hunger is a great motivator.

[sdrealtor]

Is it generational or simply age related. I am firmly in the boomers. When I was between my mid 20’s and mid 30’s everything you say about the Milennialls fit me and most of my friends to a tee. Some of my college friends still live in NYC and still live that exact lifestyle without a car, house, yard etc. Of course for the most part they are unmarried or married with no kids.

[The-Shoveler]

HA!! I got to go with John,
Because
“Virtually all my Boomer Friends have their Kids and grand Kids living at home”

Millennials I believe are just being stunted because of lack of jobs and financing.
One day that will change.

I think only a few rich or well off mostly single people do not indicate the whole.

[Author]

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