Chris Porter is coauthor of the new book Big Shifts Ahead, and VP and Chief Demographer at John Burns Real Estate Consulting. Jason Hartman talks with Chris about how demographic issues can impact the real estate market, the economy, and business cycles.
[2:15] Exploring Chris’ new 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 like their grandparents rather than their parents
[14:16] The housing market is about to experience shadow demand
[16:35] A third of all population growth in the US can be attributed to immigration
[18:51] John Burns Real Estate consulting believes home ownership, over the next decade, will fall below 61%
[22:17] Business relocation incentives in the south are enticing
[23:52] Differentiating between urban, suburban, and rural communities.
[28:26] How to bring the best of the urban settings to stereotypically suburban environments.