So what’s really happening with this migration to the cities? Will more young people live there? Are [tag-tec]baby boomers[/tag-tec] really going to retire downtown? Are [tag-ice]suburbs[/tag-ice] doomed?
Many experts have been surprised by the new residential growth in cities. No where is it more of a phenomena than in my hometown of Nashville, which is currently building several large new [tag-cat]condo[/tag-cat] buildings. That’s because people haven’t lived downtown since before the war- The Civil War.
Yes, some people will move in, not out. That’s clear. And according to [tag-cat]Robert Toll[/tag-cat] of Toll Brothers, it’s generally simpler to do business with city officials anyway than the ones from the burbs. That’s mainly because cities are welcoming new building, not trying to squash it. Cities want to be improved.
Toll goes on to say in a recent interview with The Wall Street Journal that more baby boomers will retire in such cities as New York, Chicago, L.A., Miami and Newark, N.J., of all places. Who would have thought?
Why? Baby boomers are different. They always have been. They don’t sit around like their parents and grandparents. They want excitement, action, music, sports, good restaurants and much more. Vibrant cities can give it to them.
(We should really pay attention to what he just said, because he made his fortune catering to this group).
So exactly what does all this mean for all of us?
Not everyone will move to the [tag-cat]cities[/tag-cat]. The burbs are still alive and well. However, many cities have a chance for a come-back. Not only will young people want to be where the action is, but so do their parents and in some instances, their grandparents.
We can look more at properties in downtown areas now. That should still give us plenty of negotiation room to find very good deals early. Look around. Be aware. A lot is beginning to happen.
Popularity: 7% [?]
Related Websites -
Knowing When to Quit The sad reality is that every year thousands of corporate blog die a quiet death and the only one that notices is their owner. Whether it is through a lack of attention, or simply an inability to find the right audience, keeping a blog alive can be a difficult task....... -
Web 2.0 explained Do you remember the first time you heard "Web 2.0" and thought to yourself...wait, the internet is going to have a new version? The reality is, well...sorta. The term was coined a decade ago and the web has shifted from static, force-fed websites to vibrant, user-centric communities. Pre-2000, what did...... -
What it Takes to Get Lots of Responses to Your Surveys When it comes to running a successful business, online or offline, one of the most important factors is having a great deal of knowledge about your customer base. You'll find that it's a lot easier to get leads and sales when you know exactly what type of products and services...... -
The Canyons Ski Resort, Park City, UT The Canyons Ski Resort is located in: Park City, UT Phone: (435) 649-5400 Website: http://www.thecanyons.com/ About the Resort: The Canyons is one of the nicest ski resorts in the Park City area, and although the fees are a bit high, especially during peak periods and on weekends, you do get...... -
4 Ways to Make a Smooth Transistion into Assisted Living Moving your aging parents into assisted living can go smoothly if you plan ahead of time. Good organization is the key for easing your parents into accepting their new living arrangements. Here are 4 tips from caregivers who have already experienced such moves into senior housing. These tips can go a long way to help......