Making room for Gen Y, but where?
David Stevens, the new FHA head, is predicting a Gen Y buying boom similar to their grandparents’ after WW II. There’s just one problem with this scenario when it comes to downtown Denver. While one of the hippest places in the country for Gen Y to live and work, the city is running out of inventory that Gen Y can afford. And with tight credit forcing new construction to depend largely on pre-sales, there could be a disconnect. The typical Gen Y customer isn’t going to put down money on a condo that they won’t move into for a couple of years. Projects such as Spire are selling quickly from the bottom floors up. Read article: