“...The millennial generation [is] moving out of the cities, forming households, having children, looking for better schools and that's going to drive rate dema

“...The millennial generation [is] moving out of the cities, forming households, having children, looking for better schools and that's going to drive rate demand in the suburbs.” Not by choice, by necessity. Anecdotal - my friends are moving out of cities. Not because they romanticize or even want a suburban house, but because they can't afford to be within an hour of a city and not be burdened by more debt. The only other option is to move outside the city influence and into the rural areas, which for many is worse than the suburbs. EDIT - after reading through it all, it's clear this is a bunch of out of touch CEOs who are generalizing some weird psuedo-data trends. Unless every person I know happens to be well outside of the "millennials" presented here.