In the hip neighborhoods of Brooklyn, Seattle, and Denver, a silver tsunami is joining, and often forcing out, tattooed and mustachioed Millennials, as retiring Baby Boomers increasingly embrace urban living.
"Hip urban neighborhoods are aging, as a growing chunk of adults in their 50s and 60s and older give up their longtime homes and head for trendy condos," reports Nancy Keates.
"The migration of baby boomers to cities, which started in the 1990s but slowed during the recession, is now regaining steam," she explains. "According to online real-estate brokerage Redfin, more than a million baby boomers moved to within 5 miles of the downtown of the 50 largest cities between 2000 and 2010, while the same number of baby boomers moved away from neighborhoods located 40 to 80 miles outside those 50 cities' downtown areas."
"In some cases, as the older, more affluent baby boomers—typically defined as born between 1946 and 1964—move to these neighborhoods, younger residents are starting to move out to avoid rising prices and the growing number of older folks. Mr. Jones in Seattle says it used to take about 10 years for the hipsters to get priced out of a neighborhood they pioneered—now they are moving out after five."
FULL STORY: Hip, Urban, Middle-Aged
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
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Alamo Area Metropolitan Planning Organization
City of Santa Clarita
Institute for Housing and Urban Development Studies (IHS)
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Harvard GSD Executive Education
Toledo-Lucas County Plan Commissions
Salt Lake City
NYU Wagner Graduate School of Public Service