SEATTLE: Millennials are not likely to dole out cash to cover commuting expenses but will do their best to live affordably in an area with a large selection of nearby amenities, according to a new study.
The baby boomer generation, which is now reaching retirement, desires housing that is similar to what millennials are looking for, said the study. While millennials are looking for affordable housing, baby boomers are looking to downsize.
“Millennials are looking for smaller and affordable places … especially because they are burdened with school debt.”
“(Baby boomers) might be living in a large, single-family home now, but upon retiring they are going to want to downsize and perhaps move into a rental,” said the study.
The study recommended creating health and wellness centers featuring hospitals, shopping space for wellness stores and more parks and recreation areas…