Summary of Peak Millennial?

Conor Dougherty

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

Rating

8 Overall

8 Importance

7 Innovation

8 Style

Recommendation

Young people rejecting the lifestyle of their parents is nothing new; neither is waking up in your 30s and realizing that your parents were right after all. Since the late 1990s, countless millennials have ditched their parents’ suburban lifestyle and poured into inner cities, rejuvenating downtown neighborhoods and triggering a construction boom. The conventional wisdom has been that millennials would remain in downtown areas indefinitely. Yet San Francisco-based New York Times correspondent Conor Dougherty finds growing evidence that this may not be the case. getAbstract recommends Dougherty’s article to real estate professionals, urban developers and baby boomers hoping to see their grandchildren move closer.

In this summary, you will learn

How the housing preferences of millennials have transformed America’s inner cities,
Why the dominant assumption that American inner cities will continue to boom may not hold, and
Why younger professionals may opt to move to suburbs once they start families.

About the Author

Conor Dougherty is a San Francisco-based technology correspondent for The New York Times.

Summary

When millennials – the generation born in the 1980s and 1990s – came of working age, many opted to live in downtown areas. Unlike the previous generation, which tended to settle in suburbs, millennials rediscovered the advantages of urban living, including shorter commutes and walkable neighborhoods. Money started to pour into America’s long-neglected inner cities, attracting new businesses and rejuvenating neighborhoods. As pressure on rents intensified, a boom in new downtown housing construction ensued. The dominant assumption has been that ...

Read on