Porter's Pointers 8-24-12

Here are some great points gathered off of the 2010 census. This report from Milwaukie housing choices

1. Households will be smaller, and more likely to be headed by women;
2. Baby-boomers will continue to redefine retirement, living longer and demanding a wider range of housing choices than their parents did, including downsizing to walkable urban areas, “lifestyle renting” or aging in place;
3. Younger baby-boomers in their prime earning years, and years away from retirement, saddled  with underwater mortgages and declining home values, are not able to move to where the jobs are;
4. “Empty nesters,” couples whose children are no longer at home, will continue to grow in number, especially among Asians and Latinos;
5. Generation Y, the children of the baby boomers, will continue to be drawn to diverse, walkable  suburbs and urban areas in large numbers;
6. Foreign-born residents, legal and illegal, will increase at a faster rate than any other segment  of the population, mostly due to their American-born children and grandchildren;
7. The American-born children of immigrants, (second generation immigrants) will surpass  not only their parents in education and income, but also native-born Americans in their age group, and will dominate the housing market with their numbers and their preferences, which generally match those of Generation Y;
8. Second generation immigrants and Generation Y will create a wave of household formations  (when new, independent households are formed) even larger than the wave created by baby-boomers.

http://www.geekwire.com/2012/gen-workers-love-seattle-startups/