It all seemed so innocent when architecture grad student Kate Wagner started pushing her charming brand of millennial snark on us with her acerbic critiques of gaudy, poorly executed monster homes, but architecture is no laughing matter.
The Wall Street Journal has sounded the alarm that boomer-built McMansions in Arizona, Florida, and the Carolinas are selling at huge discounts relative to their asking prices, thanks to millennials' unwillingness to buy sprawling homes that need extensive electrical and plumbing work, come with many additional bedrooms for storing hoards of consumer junk, and tedious fripperies like "crown moldings, ornate details and Mediterranean or Tuscan-style architecture."
Also, millennials -- saddled with student debt, and drowning in nondiscretionary avocado-toast-related expenditures -- are broke af.
Millennials buying their first home today are likely to pay 39% more than baby boomers who bought their first home in the 1980s, Business Insider’s Hillary Hoffower previously reported.
The generation is also facing record levels of student-loan debt, making it hard to take on a mortgage loan, as Business Insider’s Akin Oyedele reported.
When millennials can finally afford to buy a home, it makes sense that they’d hold out for something that’s exactly to their taste.
Millennials don't want to buy baby boomers' sprawling, multi-bedroom homes, and it's creating a major problem in the real-estate market [Katie Warren/Business Insider]
(Image: McManion Hell)
(via Naked Capitalism)
* whether they deserve one or not
Apple pioneered the use of dirty tricks and lobbying to kill Right to Repair legislation, but they're not the only tech player who's putting lobbying muscle into ensuring that you can't decide who fixes your stuff (and when it is "unfixable" and must be sent to the landfill).
As workers at companies from Kickstarter to Gimlet to Vox vote to unionize, and as traditional labor organizers call on game devs and others to organize, Silicon Valley is a lot more friendly to pro-labor policies than ever before.
When businesses need big cloud projects done right, they need experts in DevOps. For the uninitiated, that’s shorthand for the framework that allows development and operations teams to work together toward the same goal – not as independent departments with their own agendas. There’s an arsenal of software that has cropped up to help in […]
Are you super organized? You’re going to love the Genius Pack G4 and its seemingly limitless, well-placed compartments. Not that organized? You’re still going to love this piece of luggage because it’s so well thought out that it practically does the packing for you. We’ve all tried to stuff a piece of carry-on so full […]
If you’re an entrepreneur, you’re not just hungry for success. You’re hungry for knowledge, the insights that can lead to bigger and better ideas and ways to implement them. That knowledge is out there in the bestselling biz books that have changed the game over the years. There’s just one problem: In a fast-paced lifestyle, […]