Meet the McMansion for millennials

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Toll Brothers is tailoring its product in select markets to appeal to millennials, and others, with smaller, less ornate but still luxury homes. Philadelphia Magazine reports:

In fact, a recent survey by ApartmentList.com found that 78 percent of Philly millennials plan to buy a home, but 72 percent of those are holding off because they can’t afford to. And it’s not just debt that keeps them on the sidelines — there’s also a shortage of homes at prices they can afford.

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