« Nothing New Under the Sun: Fighting and Switching is Nothing New | Main

Aug12
Real Estate Redux
NextStage: Predictive Intelligence, Persuasion Engineering, Interactive Analytics and Behavioral Metrics NextStage was recently invited to analyze some residential real estate data from several US locations. Fascinating stuff in the US and I'm not sure how what we discovered plays a part anywhere else. Three things became obvious and we'll share them here as you may find them useful:
  1. Traditional middle income first home buyers (recently married, young, either has children or children on the way or planning to have children, ...) are no longer buying homes. They're either not having kids, urban renting (townhouses, etc), or the big one, electing to live at home with their parents. Buying a home is now seen as a step towards unnecessary debt, not as a step towards independence. Where is that "first home downpayment" money going? Either towards a lavish wedding or to developing a portfolio or (get ready for it) investing in real estate.
  2. The wealthy (low to mid upper income) are spending their money improving their homes rather than buying summer homes, vacation homes, winter lodges and the like. Time-sharing, which had gone out of favor for quite a while, is coming back in this income bracket. Money which would have gone to taking the entire family to Switzerland for a month long ski holiday is staying local and more often than not, staying right in their own backyard.
  3. The big one (as far as our analysis showed) was that many 20s and early 30yos are bypassing buying a traditional starter home. They're looking at the economy, the world, their jobs and educational financial burdens and deciding that the starter-home-then-upgrade route isn't an option. They're waiting until they're sure their marriage, work and family situation are stable then going directly into a home they'll keep until they retire if not longer. The market's too much in flux and nothing's offering the security it did in the 1950s-1990s, so they might as well get a home they believe will keep them happy and can grow a family in rather than one that may only last them five or so years.
Hope this is useful to you.

Please contact NextStage for information regarding presentations and trainings on this and other topics.

Sign up for The NextStage Irregular, our very irregular, definitely frequency-wise and probably topic-wise newsletter.

RVMsmallfrontcover.jpgYou can follow me and my research on Twitter. I don't twit often but when I do, it's with gusto!

Have you read my latest book, Reading Virtual Minds Volume I: Science and History? It's a whoppin' good read.

Reading Virtual Minds Volume 2: Theory and ApplicationsAre you signed up to get my next book, Reading Virtual Minds Volume 2: Theory and Applications? It'll be a whoppin' good read.

Learn the latest regarding NextStage blog posts, conference sightings,
whitepapers, tools, presentations and more via The NextStage RSS feed Subscribe to NextStage's KnowledgeShop's RSS feed.

NextStage Evolution on Facebook Friends of NextStage LinkedIn Group

-

related entries


Comments/Trackbacks




submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.





Comment Preview

« Nothing New Under the Sun: Fighting and Switching is Nothing New | Main

Advertise

sponsored ads



subscribe


Prefer Email?
Subscribe below-

Enter your Email:


Powered by FeedBlitz What's this?

Current News

Support This Blog

blogroll


My site was nominated for Best Business Blog!

 


Know More Media - Management / Operations

know more media network

View Network Map

Network Feed List (OPML)

Know More Media Network
Feed


we support unitus

PRWeb

Influencer



BizMediaScience is a member of the Know More Media network of business related blogs.

Here are some current headlines from some of our business publications:


Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 619

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 620

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 621

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 622

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 737

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 738

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 739

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 740

CallCenterScript

AdHurl

TheBizofKnowledge


Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 619

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 620

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 621

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 622

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 737

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 738

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 739

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 740


Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 619

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 620

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 621

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 622

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 737

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 738

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 739

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 740

HealthCareVox

BrainBasedBusiness


Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 619

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 620

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 621

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 622

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 737

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 738

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 739

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 740


Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 619

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 620

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 621

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 622

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 737

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 738

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 739

Warning: date() expects parameter 2 to be long, string given in /usr/www/users/chrisycm/kmm-network/includes/rss2html/rss2html.php on line 740