The generation that now represents the largest cohort of homebuyers is shunning the ornate, ostentatious homes of the baby-boomer generation and opting for minimalist, often more affordable digs, The Journal previously reported. We have electronic books now, so we don't need bookshelves anymore," Shiller said.Īccording to previous reporting by The Journal, it appears many millennials are on the same page as Shiller. And bookshelves, for people who read a lot. You used to have a filing cabinet for your tax information, but now it's all electronic, so you don't need that, either. And maybe you don't need a workshop in your basement, either. "For example, we don't need elaborate kitchens, because we have all kinds of delivery services for food. The economist, who helped create the S&P CoreLogic Case-Shiller US National Home Price NSA Index for tracking home values in the US, said technology has permeated every aspect of our lives, replacing any prior need for extra space in our homes.
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