Grant Cardone Talks about his theory on Millenials.
with today’s ever changing business landscape we see a big need for apartments in the cities with the most growth. Millennials are opting in for a rental space rather than wanting to purchase a home like their baby boomer parents did back in the day. They want to be able to move freely amongst the cities with the best jobs. They don’t like owning things and being able to rent almost anything and everything now days is perfect for them. The housing situation is no different. We have seen a huge growth in millennial apartment complex occupation. One person we interviewed, Jonny, said that “it’s the perfect situation for me.” “I have school and I will be entering the job market soon and I will need to get an apartment in the town I find a job. I love the freedom to jump ship and be able to go wherever I want in a short amount of time and not have to move a whole lot in transition. I rent my furniture and appliances. I have to be careful in this new economy and not get strapped down to a home with a mortgage.” With rents and availability of new product on the market, it’s an amazing time for millennials to be able to be nimble and act on that new job offering and make the cut with speed instead of trying to sell a home and relocate. The times have changed and we see it every year now. Apartment complex owners are steadily trying to keep up with the demand by building new apartments in the hottest markets right now. With the new elections coming up we are anxious to see what will happen.