REMINDER: Please mark your calendar for January 24th, 6-8pm, and plan to attend the Comprehensive Outdoor Recreation Plan Open House so you can voice your concerns regarding making Franklin a competitive community that is travel-friendly for children, the elderly, and differently abled persons.
At this week’s National Association of Home Builders conference, there has been much talk about the estimated 80 million people that comprise the category known as “Gen Y,” born roughly between 1980 and the early 2000s. The boomers, meanwhile, number 76 million. From the Wall Street Journal:
Here’s what Generation Y doesn’t want: formal living rooms, soaker bathtubs, dependence on a car.
In other words, they don’t want their parents’ homes.
Something to keep in mind here in Franklin, as we struggle to create a wider and deeper tax base as well as attract young talent. However, as I noted in yesterday's post, we're still mired in outdated notions about trails and sidewalks as mere "recreational opportunities" when they are in fact crucial infrastructure.
Gen Y housing preferences are the subject of at least two panels at this week’s convention. A key finding: They want to walk everywhere. Surveys show that 13% carpool to work, while 7% walk, said Melina Duggal, a principal with Orlando-based real estate adviser RCLCO. A whopping 88% want to be in an urban setting, but since cities themselves can be so expensive, places with shopping, dining and transit such as Bethesda and Arlington in the Washington suburbs will do just fine.
“One-third are willing to pay for the ability to walk,” Ms. Duggal said. “They don’t want to be in a cookie-cutter type of development. …The suburbs will need to evolve to be attractive to Gen Y.”
Read the rest at No McMansions for Millennials - Developments - WSJ: ""