Monday, July 11, 2011
Gen Y - Good neighbors but crazy home renovators
You see a lot written about how Gen Y doesn't buy into homeownership. But I have observed something very interesting going on in my neighborhood - after five or so years of Boomers moving out and Xers moving in, we now appear to be in a new phase - Gen Y is moving in.
I have Gen Y neighbors on both sides of me - and two more families moved in down the street - and another one around the corner. We still are mostly Xers along the lane at this point (and a few Boomer hold outs) - but the Gen Y influx is fascinating.
I'm not surprised they're moving into my neighborhood, because it's a totally awesome place to live. It's next to the elementary school, walking distance to the grocery store and a couple restaurants, easy access to the highway, and lots of kids running around. What's fascinating me is how much these youngsters (granted most of them are less than 10 years younger than me - but I digress) are working on their houses.
They guy next door is putting in a hot tub (not hiring someone to put it in, but putting it in.) The guy down the street is roofing his house - we wave to him up there everytime we walk by. The guy next to him is redoing his landscaping. All three of them are probably out there working right now.
A few years ago, the Xers in the neighborhood (myself included) did a lot of remodeling, etc., but it did not seem like we put in the actual labor hours. We delegated (thanks Ken-Do).
I don't know if there's something there or not. I'm sure part of all this home improvement is Gen Y's desire for customization. But maybe we have a new generation of Tim "The Toolman" Taylors on our hands. What do you think?