The beginning of the end for McMansions
The Wall Street Journal reports on Generation Y:
They want to walk everywhere. […]Â A whopping 88% want to be in an urban setting […]
“One-third are willing to pay for the ability to walk,” Ms. Duggal said. “They don’t want to be in a cookie-cutter type of development. …The suburbs will need to evolve to be attractive to Gen Y.”
We’ve seen it happening more and more: the isolationist model created by the expansive suburban lifestyle is just not as appealing to Generation Y. Â People seek stronger community, are more interested in sharing resources, and don’t want the hassles of owning and maintaining huge houses.
The problem we’re facing now is, with 88% wanting to be in an urban setting, how do our urban environments accommodate this new (rather demanding) demographic, and what becomes of suburbs and exurbs?