How millennials will affect homebuilders | Pound Ridge Real Estate

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These 95 million people ages 10 to 32 outnumber their baby-boomer parents by 10 million. The young adults among them, sobered by the recession, have relatively modest material expectations; many say they’d be happy with smaller living spaces.
The housing industry will have to convince the next generation that home loans are as necessary and prudent as the student debt so many of them already carry, writes the Los Angeles Times.

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