Strome Business Minute With Dr. Jeff Tanner

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. If you’re a boomer who likes antiques, you may already know that millennials don’t. Prices for antique furniture and other forms of antiques are falling. Like one antique dealer said about antique sales, if it’s brown, mark it down. One thing about that furniture; it might be easier to dispose of than the retirement homes boomers have built. According to Laura Kasisto of the Wall Street Journal, boomers will vacate one out of four homes over the next two decades, more than the houses built over the past two decades, many that are in retirement communities complete with golf, shuffleboard, and other amenities millennials don’t want. Boomer homes may solve the affordable housing crisis, if we can locate places to work nearby. To learn more, visit odu.edu/business. This has been a Strome Business Minute, presented by the Strome College of Business at Old Dominion University.