“It’s a lifestyle adjustment,” says Jeff Jackson, a real estate agent with Centric. “This generation of wealth has a different idea of where to spend money than your father’s hedge fund.”
The Millennials moving from Brooklyn are urbanites; they want to walk to a corner café, know their neighbors and watch their kids playing outside.
They also want new homes with the latest in energy-saving technology, from insulation to windows, as well as outdoor fire pits and glass NanaWalls that fold open to the elements. Great estates are just too costly to maintain.