Re: [HUAB] Building apartments for 30,000 millennials in A/B MIGHT not work out

[Eva Webster]

I thought I would share this eye-opening article (see link below). It confirms the concerns that another person expressed in a posting a few weeks ago  (I’m piggybacking on that original thread):

Fwd: Peak Millennial? Cities Can’t Assume a Continued Boost From the Young - The New York Times

https://www.nytimes.com/2017/01/23/upshot/peak-millennial-cities-cant-assume-a-continued-boost-from-the-young.html?_r=0

On 12/20/17, 7:41 PM, “EP Allston” <homeowners-union-o...@googlegroups.com on behalf of ————————> wrote:

The 7000-8000+ apartments in the pipe line (or ones already built) might not get rented as more and more become completed.  This Time article is showing that millennials are already leaving the city.  Since the city (BPDA/BRA) does not share the number of bedrooms per apartment being built, I guestimate it to be housing for about 30,000 people, especially since the production line of construction approvals has no end in sight.

It will be like a reverse musical chairs; lots of seats and not enough people. And why rent in the city, when you can buy in the suburbs and build a family with equity.

Fwd: These Cities Have Already Reached Peak Millennial | Time

http://time.com/5054046/millennials-cities/

Take action where you can, the clock is ticking.

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