Good morning, it’s March 8, a Tuesday. Here are today’s pins.
In the housing market, lower-priced homes with fewer bedrooms are being taken over higher-priced options, according to a new article in the Wall Street Journal. Millennials will continue to drive this trend, as – in short – they have less money than previous generations and will be more frugal in the housing market, at least to start. Plus Millennials aren’t expected to grow large families, so two- and three-bedroom houses will be the norm.
Let’s go local to Fayette County, Ga., where Millennials are leaving at an “alarming” rate, say local officials. The reasons: this county, south of metro Atlanta, has no nightlife and only single-family homes – no one-bedroom apartments. Yeah, so they’re leaving now. Fayette County should hold the line, double down on family friendly and wait five years; they’ll be back.
The Golden State Warriors – on pace to break the NBA record for most wins in a season – didn’t play well Sunday in an embarrassing loss to the woeful Los Angeles Lakers. That spurred head coach Steve Kerr to remark his team played with no focus … because they’re Millennials. It comes on the heels of a similar comment about Millennials’ lack of focus, made by Phoenix Suns owner Robert Sarver. Millennials are very creative, though, which may be the main reason the Warriors are so damn good.
The idea of “sharing” has been taken hostage by filthy billionaire entrepreneurs, says Lily Cole, founder of Impossible, a British “socially networked gift economy website.” (Cole is also a successful model and actress who has put her face and body on plenty of products.) That aside, her argument is that companies like Uber and Airbnb have co-opted sharing for profit – what we know of as the Sharing Economy.
Finally, a new Forbes piece on how Millennials are disrupting a number of industries: housing, grocery, etc., and how they’re forerunners of the “Moment Economy,” which I coined. I’ve written about all of these things, plenty of times now. It’s nothing new.