> In my metro (DFW), the neighborhoods of houses built in the 60s/70s/80s are dwindling because nobody will buy them. There are neighborhoods of perfectly fine

> In my metro (DFW), the neighborhoods of houses built in the 60s/70s/80s are dwindling because nobody will buy them. There are neighborhoods of perfectly fine ~200k houses just sitting on the market for months because "ewww, I don't want to live in Grand Prairie/Garland/Irving". Then those same people pine over the newly built $500k mcmansions in Frisco or the $2m mansions in Highland Park and lament about how they'll never be able to afford being a homeowner. Do you see the disconnect? An alternative hypothesis would be that suburban development patterns don't work generally. I don't know anything about the DFW area specifically, but it's possible people don't want to live in those cheaper areas because they are poorly laid out and the infrastructure maintenance is higher than the revenue the area can generate. This may manifest itself in different ways (poorer schools, sidewalks, amenities), but one way or another, these neighborhoods are signaling decline. Many first and second generation suburbs are in death spirals because of this problem. Buyers who can afford it chase newer development because the areas have an optimistic future and no obvious maintenance problem. Unfortunately, many of those areas will be in the same spot 30 years down the line. > But these days, millennials seem to think that they are automatically entitled to live downtown in a 4 bedroom, newly renovated/constructed house with full amenities next to the main park and hip shopping center and zero crime while on an entry level salary. I'm not saying there aren't some entitled people, but I haven't encountered this attitude very often - it seems like there are plenty of other reasonable explanations for what is driving consumer choices without stereotyping.