RPP - Demographic Shifts with Chris Porter

Rand Partners Podcast - Demographic Shifts with Chris Porter Chris Porter is the Chief Demographer at John Burns Real Estate Consulting and author of Big Shifts Ahead. Key Information: • 2 major shifts in demographics ◦ Increase in retirees will grow 38% from 2015-2025 ◦ Younger adults buying their first home later in life • More Renters Now than Ever ◦ Shift to low maintenance lifestyle ◦ • 4-5-6 Rule ◦ 4 Big Influencers ▪ Government Policy ▪ Economic Conditions ▪ Technological Advances ▪ Societal Shifts ◦ 5 Stages of LIfe ▪ Young Adults ▪ People Forming Families ▪ People Early in Careers ▪ People Later in Careers ▪ Retiring   ◦ 6 Questions the Demographics will Decide to Live ▪ Who ▪ Age Group ▪ What ▪ Buying or Renting ▪ Where ▪ Suburb vs city ▪ Rural vs city ▪ When ▪ Urgency to move ▪ How ▪ Affordability ▪ Why ▪ Moving because of weather ▪ Affordability ▪ Pro business environment • Surban community on the rise ◦ Surban is a mini downtown in the suburbs ◦ Want more conveniences of downtown without the expenses Contact Information: https://www.bigshiftsahead.com/ www.realestateconsulting.com