Are Millennials Becoming a Generation of Renters?

In the aftermath of the 2008 recession, boomer parents were besieged by millennial children boomeranging home to reclaim an old bedroom. Now our adult children are leaving the nest once again as they find work and perhaps a significant other. But where are they moving? And are the making the leap to homeowner? For decades, after a sojourn in the city, young adults typically headed to suburbia with their growing families for a better lifestyle. However, while millennials flocked to …

Your Town Tells You to Move. Would You?

Imagine that you’ve lived in the same neighborhood for most of your life. Your friends, your family, your personal history are all rooted there. Sure, the neighborhood isn’t as desirable as it once was. It’s fallen on hard times, and there’s a lot of crime. But it’s home. Then the town decides that your neighborhood is a dump. It wants to make the working-class area more upscale by “revitalizing” it, but that means displacing you and your neighbors, most of …