Alvin Tostig wrote:
My n=1 thoughts based on my 27 year old daughter, her boy friend, and their friends.
They buy fairly pricey stuff (handbags, golf clubs, shoes, restaurant diners, weekend trips to NYC, Dallas, and San Diego, concert tickets, etc.) that my wife and I never spent a lot of money on.
But they drive old vehicles and live in a rental house.
They've got money, but fancy cars and big houses aren't a big deal as far as they're concerned.
Agree.. I love the folks who hear Millennials and think 20yrs olds as someone else said the oldest of that gen are now 30. Many of them making lots of dough.
I think you have hit my point.. if they don't want / dont buy the big house, they dont have room for stuff. Which in this digital age works, but its the other stuff, also. The knick nacks the crap that fills that big house, that are not getting / or going to be bought. My experience is they have no desire to own it when they can pull up a pic of it on their phone. They don't need a scrap book they can look at the photos online...
So far this thread has not gone where I thought, as I didn't think there was that much resistance to the the idea there are Melennials with 8yrs of work experience post college making good coin (the slacker Melennial concept needed to die years ago) but they spend that coin differently and do some may appear slackers driving their older car, wearing older clothes, living in a small house. Buying expensive items to that they want. To me its a big change that's coming and I am trying to understand the impact.
One of them probably is don't get caught with McMansion, cause the next gen doesn't want it. Now maybe you could change it to 4 rental units and make some money from it that way.
Just Triing
Triathlete since 9:56:39 AM EST Aug 20, 2006.
Be kind English is my 2nd language. My primary language is Dave it's a unique evolution of English.