Melinneals Getting A Bad Rap? Or Are They Much Wiser Than We Think?

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Home Builder with CREST BACKYARD HOMES, ON THE LEVEL GENERAL & FACTORY BUILT HOME CONTRACTOR, TAG REAL ESTATE SALES & INVESTMENTS 521400, 1501015, 01795582

Millennials Getting A Bad Rap?

Or Are They Much Wiser Than We Think? 

 

From being complacent and not wanting to work, to being dependent on their parents and living in their basements to not wanting to commit to marriage,  not wanting to buy homes and in many cases not even wanting to buy autos, Millennials are perhaps the single most brow beaten generation since the Hippies of the 60's-70's.

 

In fact some prognosticators feel they will be using Uber and Lyft more than they will be driving and owning their own vehicles. Personally I don't think it is necessarily a bad thing. Janis and I use them both quite a bit and find them easy, quick, economical and great to work with. BTW, you'd be amazed at how many drivers are those poor unproductive Millennials we're referring to.

 

However, lately I've been hearing more and more about Millennials and their keen interest in "Tiny Houses". Naturally, since I've been in the sorta kinda Tiny House Industry for several decades (Manufactured & Modular) and have garnered 5 Children and 14 Grandchildren thus far, this has keenly peaked my interest. I've been doing quite a bit of research and I really do think there's a cottage industry (pun intended) looming on the horizon that may just revolutionize the entire housing industry from this point forward. 

 

There are literally hundreds of Tiny House companies cropping up World Wide. From New Zealand, to China, to Europe, Central and South America, Canada and the USA they are on a roll (another pun intended). It's natural to assume that many perhaps most of these entrepreneurial little start ups are but mere hick ups on the horizon. But I can't help but believe that a few good companies who produce a quality product won't grow into some of the behemoths we saw during the early days of the Factory Built Housing Era

 

Building departments everywhere are starting to take heed and pay attention to this industry more and more everyday. Zoning rules and regulations are starting to change because they to realize that the Tiny House movement is here to stay.

 

Most importantly, however, are the 80 million aging Baby Boomers and an equal amount of Millennials which represent half the population of America of which many if not most are seeking some form of smaller and more affordable housing.

 

A lot of folks can't quite wrap their arms around the overall differences, if any, there really are between a Manufactured/Modular vs. a Tiny House. But the more I delve into this phenomenon the more I see it. The Tiny House movement is a renaissance; A move away from the cookie cutter "Wobbly Boxes" of the late 50's-70's that have covered vast amounts of our landscapes from coast to coast and in many cases have become dated and blighted.

 

Most of these innovators are thinking outside the box. They're thinking more individualistic, more artistic, more rustic, more modern, more curvilinear, more quaint, more individual and less and less mass produced assembly line pop em out of the toaster as fast as you can and send them bustin bugs down the highway. But most importantly they're thinking much much more affordable and practical.

 

I definitely think and feel that we all as RE Professionals and building and development industry stakeholders need to keep a very open mind and ear to the wall on this new frontier.

 

That's not to suggest that traditional housing development is dead by any means. Or that you won't be able to continue in a thriving resale market forever more. Or that the Manufactured home industry has gone the way of the Vikings. I'm just saying keep your eyes wide open. These young and innovative minds known as Millenneals are on to something BIG! But in a much SMALLER, more modest and affordable way.

 

 

 

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TAG Real Estate Sales & Investments

TAG (The Arendsen Group) Real Estate Sales & Investments is a full service, one-stop, turnkey, family owned and operated real estate brokerage, General Contractor, Manufactured Home Contractor, Developer, Investor, Property Manager, Interior Design, Engineering, architectural, Landscape design, Expert Witness, Consulting, Curative Title and Troubleshooting company with over 100 years of combined experience in the San Diego real estate sales, construction, design & development arena.

 

 

 

 

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melinneals getting a bad wrap or are they much wiser than we think

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Rainmaker
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Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

OK John DL Arendsen We won't discuss the relativew merits of the Millennial generation, but stasy focussed on TINY HOUSES.

What do you think about placing several (maybe six) on a lot and making a new -age court. This was very popular in the early part of the 20th century. I remember living in one when I was about four years old. Much better than an apartment.

Bill Roberts

Nov 20, 2016 01:45 AM #30
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John DL Arendsen
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The more research I do on Tiny Houses vs Manufactured Home Boxes that don't have a lot of pizazz or eyeball the more I'm looking at the Accessory Dwelling Unit (ADU) market Bill Roberts 

I've stumbled on an architect/designer and a purveyor up nort that I'm discussing the possibility of opeing an actual retail lot with a couple of models and marketing them throughout the San Diego, Orange County and Riverside County areas.

There's so much upside potential and very little downside risk in targeting folks in rural, semi rural or even many urban areas that have the real estate and local zoning regs to accommodate them. 

I think there will be a boon in this industry as soon as the HCD gets their act together and figures out how to regulate them and work with the local building and planning deparments to integrate them into the mainstream.

Why? You wanna play?

Nov 20, 2016 02:01 AM #31
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Patricia Kennedy
Redfin - Washington, DC
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John, I think that Millenials and Baby Boomers have a lot more in common than I originally thought.  And while I could be tempted to move into a beautifully designed "small" house, a real tiny house probably wouldn't work.  And I'm finding this to be true of so many of my Millenials and my downsizing Boomers.

Nov 20, 2016 02:16 AM #32
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John DL Arendsen
CREST BACKYARD HOMES, ON THE LEVEL GENERAL & FACTORY BUILT HOME CONTRACTOR, TAG REAL ESTATE SALES & INVESTMENTS - Leucadia, CA
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No doubt about that Patricia Kennedy I couldn't agree more. However, I do feel there's a happy medium like some of the photos shown in this post. I'm a firm beleiver that as a mini RV owner they are fun for the weekend or a road trip. But Janis is a dedicated Condo Camper at heart and nothing looks better to her after a few days on the road than a good ole Camp Marriott.

My primary interest and enthusiasm would be to use a nicely designed and practical 4 to 6 hundred sf backyard cottage type of dwelling that could be used as a Granny Flat or guest home for visitors or on site employees, etc.

The Accessory Dwelling Unit (ADU) market is vertually untapped and the state of California theough the California Housing and Community Development Department (HCD) is now taking a very close look at how they can regulate it.

Additionally Counties and Cities throughout the State have and are continueing to allow them to be constructed on properties that meet the zoning and building guidelines. So as as Manufactured Home specialist I'm all in.

Nov 20, 2016 02:54 AM #33
Rainmaker
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Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

John DL Arendsen The comment was not directed at you. It was nothing more that a general observation. Your post was not in any manner criticized

Nov 20, 2016 05:20 AM #34
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
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Hi John - I would say that this is still unfolding.  We'll see how they decide as they get older.

Nov 20, 2016 06:41 AM #35
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John DL Arendsen
CREST BACKYARD HOMES, ON THE LEVEL GENERAL & FACTORY BUILT HOME CONTRACTOR, TAG REAL ESTATE SALES & INVESTMENTS - Leucadia, CA
Crest Backyard Homes "ADU" dealer & Contractor

I guess I just didn't understand your answer Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 No worries. It's all good.

Nov 20, 2016 06:51 AM #36
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John DL Arendsen
CREST BACKYARD HOMES, ON THE LEVEL GENERAL & FACTORY BUILT HOME CONTRACTOR, TAG REAL ESTATE SALES & INVESTMENTS - Leucadia, CA
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Definitely still unfolding Grant Schneider 

Nov 20, 2016 06:52 AM #37
Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Our county has permitted the construction of an in law or Grannie quarter in the back to solve housing issues.  It is not a bad idea to live on same parcel.  Avg home price here is way too high for malinneals.....

Nov 20, 2016 10:23 AM #38
Rainmaker
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Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

OK John DL Arendsen Sure. I wanna play. What do you have in mind?

Bill Roberts

Nov 20, 2016 11:19 PM #39
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John DL Arendsen
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Crest Backyard Homes "ADU" dealer & Contractor

That's exactly right Sam Shueh The state of California is finally getting smart and the counties and cities are jumping on board as well.

Nov 21, 2016 02:17 AM #40
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John DL Arendsen
CREST BACKYARD HOMES, ON THE LEVEL GENERAL & FACTORY BUILT HOME CONTRACTOR, TAG REAL ESTATE SALES & INVESTMENTS - Leucadia, CA
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I'm putting a biz plan together right now. Will keep you posted via private messaging Bill Roberts 

Nov 21, 2016 02:18 AM #41
Rainmaker
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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I enjoyed reading your post - I am the mother of a millennial - she is wonderful! and very productive - living in her own apartment - paying her own bills - with a wonderful job - I wouldn't trade her for anyone else! 

Dec 20, 2016 07:36 PM #42
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
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I love the tiny houses but, can't imagine 'fitting' into one!  And, the millennial phenomenon is not really present here  - we serve a LOT of them (we are a high-tech, high-destination city - and have had nothing but, positive experiences with them.  Could be because I have two of my own!  ;-)

Dec 20, 2016 10:39 PM #43
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John DL Arendsen
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Ha! At 71 (almost a Baby Boomer) and with 5 children and 14 Grandkiddies I'm sure I have a few millennials in the mix myself Debe Maxwell  and they are all as independent as I was at their age and only one is living at his Mom and Dad's home (oldest daughter) but has a full time employment and his own car.

BTW, the only reason he's living at home is because they just moved to Austin and my daughter can use a little rent money until they get their biz up and running locally.

Dec 21, 2016 07:31 AM #44
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John DL Arendsen
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Well, actually I live in both Debe Maxwell I have a pretty large primary residence that can and has been a bit overwhelming at times and we have a small beach casita which is quite cozy comfy.

They're only about 20 minuetes apart so we enjoy them both equally (depending on the surf LOL) and we have no problems adjusting to either. I think it's basically just a matter of acclimating to each environment.

We also have a very small Sprinter RV that we use to go camping with our kids. It's barely big enough for the two of us but we love it albeit that would definitely not be a fit for us on a full time basis.

That's where my wife draws the line, however, I'd be just fine with it if it were parked on a sandy beach with nice waves.

Dec 21, 2016 07:38 AM #45
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Debe Maxwell, CRS
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I don't blame you a bit, John DL Arendsen!  I would take that RV at the beach any day!  We have friends who RV and I'm still trying to talk Ray into at least going with them once to see how accessible it could be if we got one ourselves.  The problem for us is the wheelchair width - he can't get through tiny spaces!

I'm game for trying it and then possibly having one customized to fit his needs!

Dec 21, 2016 08:55 AM #46
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Regina Minton
Sacramento, CA
Real Estate Assistant

I am also fascinated by tiny houses. The individuality and creativity that people put into these designs is sometimes simply amazing.

Jan 21, 2017 02:16 PM #47
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John DL Arendsen
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The place I purchased our Sprinter from does those types of conversions and also does easy lifts Debe Maxwell I sure hope you get a chance to try it out. It took me 40 years to convince my wife as she's been a very happy condo camper and her favorite campground has always been Camp Marriott. LOL! But now that she's actually expereicned caming a few times she can't wait for our next outing. Go figure.

Jan 21, 2017 02:25 PM #48
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John DL Arendsen
CREST BACKYARD HOMES, ON THE LEVEL GENERAL & FACTORY BUILT HOME CONTRACTOR, TAG REAL ESTATE SALES & INVESTMENTS - Leucadia, CA
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Couldn't agree more Regina Minton Lots of very talented folks out there.

Jan 21, 2017 02:28 PM #49
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