Investors, Please note that the Legacy Platform of Patch of Land Inc, completed an asset sale on July 27th of 2021. All remaining crowd assets, loans and investments are being actively managed in an effort to wind down the platform, with an expected cessation of business activities by the end of the year 2022. Due to limited remaining resources, property updates may not be available and are being made upon request. For information regarding any remaining portfolio or for any questions or concerns, please contact [email protected].

The Patch of Land Blog

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Building for the Buyer: A New Perspective for the Housing Market

Generation gaps are as old as time. Demographers like William Strauss, Neil Howe and David Foot brought demographics mainstream with labels such as Generation X and Boomers. Living through different economic conditions and social influences, each generation has evolved to have different expectations and attitudes than their parents before them and homebuilders are taking a note of this.

Not unsurprisingly, what baby boomers want from a house is not the same as what millennials want from their homes (when they begin to buy them).  For example, those born in the 1950’s want family-friendly homes, whereas those born in the 80’s are more likely to rent and live urban. Based on trends in Florida, breaks down the different points that builders are focusing on by decade.

See how Lesley Deutch from John Burns Real Estate Consulting defines each generation and how builders are catering to them.

Read the original article here.

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If you want to learn more, take a look at some of the most commonly asked questions we receive about real estate crowdfunding on a daily basis and find out why so many people are crowdfunding real estate projects across the country with Patch of Land.
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