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1. I’m a boomer who moved from car-centric Houston to pedestrian-friendly Center City Philadelphia upon retirement. And the restaurants and night spots here are overflowing with millennials.
2. When considering the cost of living, it’s important to take into account all costs, not just housing. Consider the savings in ditching a car or two: no monthly payments, gasoline, insurance, maintenance or parking. Kinda adds up.
3. This blog site is a joke. How many other legitimate new sites do you follow that publish a (ahem) ”manifesto”? The author of this particular piece publishes under the pseudonym Tyler Durden. Let’s learn a bit more about him:
”Zero Hedge is an English-language financial blog that aggregates news and presents editorial opinions from original and outside sources. The news portion of the site is written by a group of editors who collectively write under the pseudonym "Tyler Durden" (a character from the novel and film Fight Club).
Zero Hedge's content has been classified as "alt-right", anti-establishment, conspiratorial, and economically pessimistic, and has been criticized for presenting extreme and sometimes pro-Russian views.”https://en.m.wikipedia.org/wiki/Zero_Hedge
The more you know? Move along, folks. Nothing to see here.
Not near downtown where prices are way higher. But still nice area and nice Chicago-style housing. Not exactly millennial styles with hot nightlife and such...... Same homes in these nearer core areas much higher.
Good post Pine to Vine. I'm not allowed to rep you.
A $1,200 rent and $500 in car expenses in Houston isn't more affordable than a $1,600 rent and $100 transit pass in an urban city. And you get to live in the urban city!
Articles like this take advantage of a misconception...nobody ever claimed that ALL millennials like cities. It's just more than previous generations. It's still more. But they find the ones that don't like cities and talk about them, including the trend of some of the mid-low income types going elsewhere for cost reasons.
Good post Pine to Vine. I'm not allowed to rep you.
A $1,200 rent and $500 in car expenses in Houston isn't more affordable than a $1,600 rent and $100 transit pass in an urban city. And you get to live in the urban city!
Articles like this take advantage of a misconception...nobody ever claimed that ALL millennials like cities. It's just more than previous generations. It's still more. But they find the ones that don't like cities and talk about them, including the trend of some of the mid-low income types going elsewhere for cost reasons.
I'm pretty sure you can find rents way lower than that in Houston. Furthermore, you can find rents lower than that even in Philly.
True article for once. In the last couple of years almost everyone I know has left the city for the exurbs. I knew the 2017 census figures were going to support the facts. City cores aren't that great unless you can afford the $300,000 cost for a house and the high taxes that go with it. The burbs are becoming more walkable and convenient. It's easier to drive 5 min to a restaurant than have to wait for a bus IF the busline is scheduled for that day and time. I have been living in big cities almost my entire life. They ain't all that.
Before you judge - I'm mixed race.
300k won't buy you jack in most of the nicer cities.
300k won't buy you jack in most of the nicer cities.
Housing prices are relative. The posters on CD aren't accounting for the low salaries. It isn't uncommon for college grads to be making under $30,000 in Pittsburgh. 300K might not be a lot in big cities but it's enough in Pittsburgh to force people to the burbs.
Housing prices are relative. The posters on CD aren't accounting for the low salaries. It isn't uncommon for college grads to be making under $30,000 in Pittsburgh. 300K might not be a lot in big cities but it's enough in Pittsburgh to force people to the burbs.
You’ll forgive bluecarebear. He/she hasn’t come to terms with the fact that Pittsburgh is no longer a hollowed shell of a city where turnkey properties cost 80k anymore. He/she is also of the false impression that underemployed college grads are a Pittsburgh-specific phenomenon.
I am of the belief that 300k still gets you a decent house or condo in most cities, and 200k can get the job done in Pittsburgh.
The NY and DC examples are exceptions to the rule, but Philly and Chicago are not.
The Philly example is for 502 square feet, and a unique example known as a trinity which are very narrow, not very deep, and primarily vertical rowhomes. The NYC and DC examples are quite the exception and in areas most wouldn't want to live in early on in the gentrification process. Chicago is the outlier and you'll notice not mentioned in my prior post...so your point being?
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