Each generation shares commonalities, preferences and experiences during their life. Gen Z, Millennials, Gen X, Baby Boomers, Silent Generation and Greatest Generation have differing needs and views related to real estate that are a product of their generational upbringing. Commercial real estate, investments and housing choices impact our lives in different ways.
My parents purchased their first and last home in 1951 shortly after they were married in 1949. My father was 28 and mother 25. They paid less than $15,000 for the small three bedroom house and were its first owners. After they passed-away my brothers and I were sorting through old paperwork; I found the purchase agreement--it was one-sided on legal-sized paper. The promissory note was one letter-sized page that didn’t even fill the entire page.