Jason Hartman talks with Chris Porter, coauthor of Big Shifts Ahead, and VP & Chief Demographer at John Burns Real Estate Consulting. Jason and Chris discuss demographic issues impacting the real estate market, the current state of our economy, and the importance of understanding business cycles.
[2:15] A description of the book Big Shifts Ahead: Demographic Clarity for Businesses.
[4:47] Generational nicknames given to generations based on the shifts they ushered in.
[13:20] The new generation is probably going to behave less like their parents, and more like their grandparents
[14:16] The housing market is about to experience what Chris refers to as “shadow demand”
[16:35] 33% of US population growth is due to immigration
[18:51] Chris and John Burns Real Estate consulting believe home ownership, over the next decade, will fall below 61%
[22:17] The south is luring businesses with relocation incentives
[23:52] The important differences between urban, suburban, and rural communities.
[28:26] How to bring the best of the urban settings to stereotypically suburban environments.