[SAB1]

Originally Posted by thinkxingu

I think that's part of it, sure, but I also think a lot of today's younger generation no longer wants the "baggage" of extras in their life, nor can they afford them.

So, even though there's "only so much waterfront to go around," as Flying mentions above, if there's less demand from younger generations, it's a simply formula.
Sent from my SM-S931U using Tapatalk

This is very true. Can be seen in more than housing purchases as well.