From the article:
"It turns out that we were wrong about millennial preferences, the stories were wrong that millennials wanted to live in a hyper-urban environment and that it would be OK to raise families in a condo," said Micah Weinberg, president of the Bay Area Council's Economic Institute. Millennials are putting off family formation, but when they have a family, they want what their parents had: a house on a nice lot pretty close to work."
Granted, this is only one study, but if it is accurate, it sounds like our city leader's plans for the future development of Palo Alto are seriously on the wrong track.