Quote Originally Posted by EL Jimbo View Post
It might not be much in the grand scope of things, but it is definitely a start. If you look at what has happened in some neighborhoods in Chicago as an example, there seem to be certain steps in the rise of an urban neighborhood.

1. Hipsters move in and make a neighborhood "funky and cool".

2. Young professionals move in, bringing re-development dollars and price out the hipsters [[who move on to a new neighborhood and make that "funky and cool").

3. The young professionals grow up, get married and some of them stay, making the neighborhood stable.
You got it. And then trend where families stay is the next big thing to pick up. Sales of 3 to 4 bedroom condos have been some of the highest ever. The market for 1-2 bedroom condos has been sluggish, and rentals have skyrocketed.