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Title: Boomers and their Boomerang Kids: Comparing Housing Opportunities for Baby Boomers and Millennials in the United States
Citation Type: Book, Section
Publication Year: 2017
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Abstract: As the first wave of Millennials became adults, they encountered a starkly different landscape of housing opportunitites than their parents did when they were young. Housing prices and rents increased much faster than their earnings, and many adult Millennials moved back in with their parents or stayed home rather than striking out on their own (Fry, 2015). Some have slightly pessimistically argued that Millennials have fared far worse than previous generations in the housing market (Myers, Painter, Lee, & Park, 2016; Goodman, Pendall, & Zhu, 2015). Others point optimistically toward the growing stock of smaller condominium units and Millennials' increasing educational attainment, which could bode well for their future housing consumption (see Chapters 2, 4, and 5). This chapter provides an empirical analysis to help inform this debate.
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Authors: Mawhorter, Sarah, L
Editors: Moos, Markus; Pfeiffer, Deirdre; Vinodrai, Tara
Pages: 14+
Volume Title: The Millennial City: Trends, Implications, and Prospects for Urban Planning and Policy
Publisher: Routledge
Publisher Location: New York, NY
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Data Collections: IPUMS USA
Topics: Education, Housing and Segregation
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