Hard to overstate the effects of this seismic shift on housing demand...
Marriages increasingly come later in life, if at all, which is rocking the housing market.
Then:
-- Suburbs in your 20s
-- Smaller, more affordable homes
-- Move up homes in your 30s
-- Mcmansions in your 40s and 50s
-- Downsize and re-urbanization in your 60s
-- Vacation homes along the way
Now:
-- Living with parents for longer
-- Roommates for longer
-- Abysmal affordability in the suburbs
-- Very few smaller, entry-level homes
-- Renting expands beyond small apartments
-- Vacation homes for young families? Ha
-- Big paydays for heirs
-- Others are sidelined for longer?
Who are the winners and losers in this new demographic reality?