Srs question: what will result from intergenerational inequality?
| Dashing translucent kitty cat nowag | 02/19/18 | | Histrionic roast beef state | 02/19/18 | | Dashing translucent kitty cat nowag | 02/19/18 | | Histrionic roast beef state | 02/19/18 |
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Date: February 19th, 2018 9:26 AM Author: Dashing translucent kitty cat nowag
Will millenials all hie to sunbelt cities? If wages remain stagnant relative to appreciation of assets that favor olds (stocks, real estate) will that even matter?
Relatedly, how will places like SF/LA/NYC function without entry level or lower-level workers?
(http://www.autoadmit.com/thread.php?thread_id=3897353&forum_id=2#35435779) |
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Date: February 19th, 2018 9:28 AM Author: Histrionic roast beef state
people in their 20s are fine sharing apts, not buying real estate. entry level, lower-level white collar worker supply will be fine.
people move out once they enter 30s if they can't afford nyc/sf so yea millenials are now starting to move out. families that can't afford nyc/sf but still need to be there for work end up with 1 stay at home or PT spouse and another spouse with a shit commute.
(http://www.autoadmit.com/thread.php?thread_id=3897353&forum_id=2#35435787)
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Date: February 19th, 2018 9:36 AM Author: Dashing translucent kitty cat nowag
lots of people do need (or think they need) to be there for work, at least right now.
At some point soon, though, the cost/benefit to middle-class striverdom in those areas isn't going to be worth it.
Not to mention, with rents rising relative to income, fewer people are going to be able to transition from renting in cities (to keep relatively high-paying jobs) to saving up for a downpayment in the burbs.
(http://www.autoadmit.com/thread.php?thread_id=3897353&forum_id=2#35435822)
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