Real Estate Investment :RE/MAX Chairman Dave Linger Comments on Market in Personal Investor Magazine

Article Summary:

Article Content:
Dave Liniger, Chairman & Co-founder of RE/MAX offered some comments on the real estate market for investors in the September/October edition of Personal Investor Magazine. Click here to read the full article

Of particular interest to me are his comments on the major demographic trends in real estate:



Liniger says that Millenials will be buying homes sooner than people in Gen X (my generation); however, with the first wave of Millenials in their early to late 20’s, we haven’t seen that yet. The logic used to be that the Millenials would be the beneficiary of their parents’ wealth (Baby Boomers) and would have Mom & Dad help finance their home purchase. But with the economy, pensions, employment prospects all on the decline, I think Millenials are just as happy to stay home with Mom & Dad for a while and Mom & Dad can’t afford to contribute.

Colleen Edwards interviewed generational researcher, Chuck Underwood, on her blog, The Real Story, and he also thinks is the case…for now.

However, this leads to another trend I’ve talked about for a few years: multi-generational housing.  What type of houses do 2-3 generations of a family want to buy? It needs to be large enough to accommodate everyone. It needs to have separate living areas. Maybe it’s a multi-family home or a home with an in-law? Maybe it’s a large home with two levels and two kitchens?

Liniger calls this “cross generational,” and thinks it will have an impact on our housing market. I think, however, it’s not only a trend among recent immigrants.  If your family history included a time where family members of a different generation lived together, even if it was 50 years ago, the idea isn’t that unusual.

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