HOME TRENDS – ARE PEOPLE READY TO MOVE BACK TO THE CITIES?
Last week in the NY Times, Paul Krugman wrote a column called “Stranded in Suburbia” and it got me thinking about what “home” is going to look like for a lot of us aging Baby Boomers over the next few decades. At AIM, the most important thing we do is monitor trends for the home and predict trends in an effort to help our clients develop the best and most successful products for the home.
For those of you who aren’t familiar with Krugman, he is, in addition to a columnist, a professor of economics at
So all this got me thinking about the home of the future and where I myself might like to live in a few years when I am an empty nester. We have been increasingly hearing people in our research at AIM talk about moving back into urban areas. And these people are not just young twenty-somethings. They are growing families and they are “older folks” like me who cite the lack of culture and inconvenience of the suburbs. They are weary of cutting the grass, painting the house, and getting in the car to go everywhere. (After years of trying to squeeze it in between my kids’ sporting events, I am even tired of my garden.) In our area, we keep seeing ads in the paper for high rise condominiums on the