Are Millennials and Boomers Really So Different?

Stephanie Bland explains the groups are not really that different in rental preferences.

DALLAS—The life-changing decision to purchase a home keeps many millennials from taking the plunge. Those brave enough to test the waters might find themselves being pushed out of the competitive Dallas housing market, known for its soaring prices and limited inventory.

On the opposite end of the spectrum, baby boomers, many of whom have become empty nesters, are looking to downsize and to live as debt free as possible with increased flexibility for travel and lifestyle conveniences. The crossroads of these two generations has often landed them in the same place– multifamily housing. While there are vast differences between the two groups, Stephanie Bland, vice president of operations at Knightvest Management, explains how they’re not so different when it comes to renting.