Real Estate and Generation X

December 17, 2006

Generation X has been defined as those who were born between 1965-1976. As the Baby Boomers (1946-1964) move on to retirement age, Generation X-ers are beginning to put there mark on the American economy.

Many Generation X-ers have defined WHAT they want, and HOW they spend their money. Some prevailing views that they may have in common include:

*Independent - determined to behave as individuals, rather than as a group
*Disillusioned and sketical - not willing to accept on blind trust
*"Quality of Life" means high "fun" - without sacrifice
*Comfortable with change - accustomed to a fast pace and a lack of stability
*Not concerned about traditions or absolutes
*More sensative to people and desire lasting personal relationships
* Pragmatic and defensive
*Will not commit easily or quickly
* Flexible

While some of these characteristics seem somewhat hard for me to reconcile to a cohesive description of Generation X-ers, they could serve as a guide as to how they expect to be treated. I do wonder how one can be "disillusioned and skeptical and yet "more sensative to people and desire lasting personal relationships."

If you are a Generation X-er, post your comments about whether the above characteristics fit your point of view.

Tomorrow's blog will address how the Generation X-er might approach the purchase of a home.