Do Millennials Really Want to Live in Cities?

Not necessarily. Census data shows more young people are leaving cities than are moving into them. Millennial homeownership is up from 28% to 32%, but millennials recognize it's an expensive but life-enriching experience to live in a city. We agree it's great to live in a city before you have a spouse and children, when you can really take advantage of a city's culture, but those things — like a strong nightlife and good bodega — lose importance when you start having kids. Things like good neighborhoods with good schools take their place.

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