Home Consumer This US City Wants To Build Villages Just For Millennials (Video)

This US City Wants To Build Villages Just For Millennials (Video)

Millennials
Image: commons.wikimedia.org

The city of Boston decided the best way to keep Millennials from driving up housing prices is to give them their own towns.

According to TIME, a new report from a Massachusetts Senate committee proposes “Millennial Villages” to prevent such individuals from taking housing units meant for budding families.

The report states “between 2000 and 2008-2012,” people aged 20 to 34 were responsible for 73.9 percent of the population increase that occurred in the Boston, Cambridge and Somerville areas.

Millennials apparently have a habit of cramming themselves into multi-bedroom homes formerly used by working families or simply smaller groups of people.

The report says:

Not only has this driven up the price of triple decker units by 95 percent between 2009 and 2015, rents continue to rise sharply under this demand pressure. As a result, families in Greater Boston are being priced out of the rental market and cannot afford to buy into the condominium market in the older housing stock.

Video – Meet the Millennial Who Represents 1.8 Billion Young People [INSIGHTS] | Elite Daily


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By Sean LevinsonEliteDaily, SouthFloridaReporter.com, Mar. 16, 2016 

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