A lot of these millennials will wake up in a few years and start scrambling to find places to buy......IMHO...

I've been listening to the podcasts, reading Rich Dad Poor Dad and other various real estate books, and I have found fresh determination to get in control of my life instead of letting life control me.However, I want to throw out there that I'm a typical middle class millennial who fell in the "go to college and get degrees that won't make you a lot of money" trap.

The amenity allows residents to list their units short-term, it's very popular amongst millennials and those who grew up around Airbnb. 

****************************Property Investors Follow Millennials to the Hot Mountain States Wall Street Journal By  Konrad Putzier  Nov. 26, 2019 7:00 am ETForget Brooklyn and San Francisco.

@Joe Splitrock valid concern that can only be answered by look at what is happening with millennials and how they are now getting married and buying in suburbs again (granted at older age than earlier generations).  

Since apartment rents currently aren't that much lower than house rents, with the long term for rental demand by the Millennials and retiring Boomers looking very strong, you'll get closer to the kind of cap rate that you're looking for. 

Additionally, expect the number of sales to decrease from previous years as buyers take a more cautious approach. 2017 will be a transition year as certain markets begin to peak, while others continue to experience opportunistic growth.3) Millennial RentersMillennials will face challenges as buyers in 2017, as stagnant incomes, lower credit scores, higher debt levels, and rising mortgage rates limit their purchasing power.

@Robert KhederianFor now, I have abandoned the NYC market in favor of income and what I see as undervalued opportunity in other parts of the country.I anticipate a geographic and lifestyle shift, and I think that's out of the large MSAs, particularly when the (dreaded word) 'millennials' start their own families. 

It's often overlooked but it is the #1 city for millennial growth rates (age 20 - 34) that are prime renters.  

I see all these know-nothing millennials running to Oakland without giving it much thought.