The generational divide has officially hit the real estate market
As baby boomers look forward to downsizing and simplifying their lives, millennials are gearing up to purchase their first starter homes. The only problem? Younger homeowners think baby-boomer houses are too big.
According to Business Insider, millennials aren’t interested in buying the large, five- or six-bedroom McMansion homes their predecessors built 15 or so years ago when ornate crown molding, damask prints, and sleigh beds were all the rage.
“Tastes—and access to credit—have shifted dramatically since the early 2000s,” reports Candace Taylor of the Wall Street Journal. “These days, buyers of all ages eschew the large, ornate houses built in those years in favor of…