Millennials are Inheriting their Millions and Searching for Huge Homes

By Alyssa Mammano

While the Luxury Loyalists of yesterday are looking to downsize their mansions, a new generation of wealth is entering the real estate market: The New Aristocracy. Inundated with inherited prosperity from their Baby Boomer and Gen X relatives, affluent Millennial homebuyers have deemed security, technology and boundless square footage to be among their top priorities, according to a report declaring “The Rise of the New Aristocracy.”
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