Does SIZE really matter?

I recently read an article on HousingWire regarding the emerging market of Generation Y (home buyers between the ages of 20 to 34) who are playing a large role in the multifamily market and reshaping how it will look moving forward.  This is the  generation that graduated college and was immediately thrown in a depressed economy with very few jobs. Because of this, many Gen Y either were forced to move home or live with multiple roommates in order to afford their housing.  Conversely, Gen-Y are often surprised when they find out how much a mortgage costs and what an adequate down payment is in order to buy a home. 

So when Gen Y buys a home, does size really matter?

According to a research project completed by the Futures Company revealed that 62% of Gen Y respondents would prefer to live in a smaller living space alone, than in a larger space with a roommate, even if that meant spending more money.   Who knew?

I bought my first home when I was 23 years old, it was a 1 bedroom 1 1/2 bathroom condominium in Downtown Long Beach, just over 600 square feet.  So maybe the generations aren't too different?