We recently sat down with two agents who were speaking about millennials and co-op boards. Basically the smart co-op boards are becoming more lenient as many millennials don’t want to deal with a hassle of going through this.
What do you think? Are millennials avoiding co-op boards altogether? Are millennials on co-op boards happening and becoming more lenient?
The millennials I have worked with want diversity in their lives. Co-ops by their very nature want consistency... sameness.
Co-ops are often not even on the table...even if that means millennials have to go to their second or third choice neighborhoods to get what they want.
Co-ops may have some hope... As millennials age and have kids they may want to be around other young families for play dates or mommy relax and unwind with wine sessions.