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The financial crisis delayed the usual process of marriage, having children, and house buying for millenials. Instead of doing it in their mid/late 20's, they
by eric_b 9y ago
The financial crisis delayed the usual process of marriage, having children, and house buying for millenials. Instead of doing it in their mid/late 20's, they held off until late 20's/early 30s.
Everyone likes to be young and in the city. It's fun. You can go out and have unlimited options for things to do, places to eat, etc.
The exorbitant rent charges for luxury apartments is something that becomes unpalatable once you get sick of living with roommates, or want to have a family. As people get older they generally go out less and appreciate nature, personal space, and quiet more. (Obviously a generalization but in aggregate is true)
It's also easier than ever to take an Uber in to the city, should you wish, to avoid parking and drinking and driving.