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They didn't "lose" anyone; they just got older. Obviously the re-opening of former war zones (a.k.a gentrification) in NYC has brought a lot of younger people into the city. As to whether they'll move out to the suburbs when the kids get older, space gets tight, and school quality gets important, time will tell -- but I bet a lot of them still do.
Says US census. Shows population decline in this age group in these towns.
What are you talking about? Every other thread on here is, "Should we move to Westfield, Summit, Madison, or Chatham?" Probably people in thier 30's just can't afford to live there anymore. That explains your census data. People are starting families later in life than past generations, staying single and living the city life longer (aka Sex in the City types). More power to them. But when they're ready for kids/burbs and good schools, and can afford it they make the move.
Keep this in mind -- there's another active thread on here about the shortage of houses on the market in Westfield.... somehow I don't think that's a warning sign of an eroding tax base.
Then you'll have to bus in guest workers from PA & upstate NY like some sort Middle Eastern petro state.
We've still got eastern Essex County, Elizabeth, Paterson, and Plainfield to <strike>gentrify</strike>aristocracize before we need to bring in guest workers from Scranton :-)
What are you talking about? Every other thread on here is, "Should we move to Westfield, Summit, Madison, or Chatham?" Probably people in thier 30's just can't afford to live there anymore. That explains your census data. People are starting families later in life than past generations, staying single and living the city life longer (aka Sex in the City types). More power to them. But when they're ready for kids/burbs and good schools, and can afford it they make the move.
Also, when that generation does age and move to the suburbs, they'll likely want to live in a town with some urban amenities....see all the threads by people seeking walkable downtowns. Westfield, Summit, Madison should all be fine, I'd worry about exurb places like parsippany or Randolph in the long run, but not the 19th century railroad suburb towns.
Also, when that generation does age and move to the suburbs, they'll likely want to live in a town with some urban amenities....see all the threads by people seeking walkable downtowns. Westfield, Summit, Madison should all be fine, I'd worry about exurb places like parsippany or Randolph in the long run, but not the 19th century railroad suburb towns.
That's what I would imagine also. Railroad towns have charm, exurbs and chain restaurants make me want to vomit. That seems to be commonplace attitude among my age group, so that's why I was surprised to NOT see any population growth in 34-44 range in towns that were supposed to be most attractive. Perhaps delayed household formation has to do with it as another poster here suggested.
[quote=urbandweller13;34500113]That seems to be commonplace attitude among my age group[/QUOTE}
In your circle of friends anywya.
Quote:
so that's why I was surprised to NOT see any population growth in 34-44 range in towns that were supposed to be most attractive.
You're probably overthinking it. The 34-44 age group declined in size nationwide between 2000 and 2010. Generation X is smaller than the one which preceded it.
That seems to be commonplace attitude among my age group[/QUOTE}
In your circle of friends anywya.
You're probably overthinking it. The 34-44 age group declined in size nationwide between 2000 and 2010. Generation X is smaller than the one which preceded it.
I agree with it. This demographic gap makes buying a house risky proposition at this point in time IMO. When you think about the large wave of sellers (baby boomers) and much smaller wave of potential buyers (gen X, Y, millenials whatever), half of which can't even afford it because of student loans and another half doesn't want it because they want to live in cities... who is the next buyer (for me to sell this house to)? NJ railroad towns will be in competition with far flung NYC neighborhoods. I am just trying to understand whether the next big thing is Westfield or East New York and Coney Island (simplistically speaking). Considering impending generational gap, figuring out which place will be most successful in competition for GenX, Y, whatever money becomes important.
I agree with it. This demographic gap makes buying a house risky proposition at this point in time IMO. When you think about the large wave of sellers (baby boomers) and much smaller wave of potential buyers (gen X, Y, millenials whatever), half of which can't even afford it because of student loans and another half doesn't want it because they want to live in cities... who is the next buyer (for me to sell this house to)? NJ railroad towns will be in competition with far flung NYC neighborhoods. I am just trying to understand whether the next big thing is Westfield or East New York and Coney Island (simplistically speaking). Considering impending generational gap, figuring out which place will be most successful in competition for GenX, Y, whatever money becomes important.
And yes, I am overthinking this.
Maybe a hobby is all you need to take your mind off it.
Last edited by OysterCatcher; 04-24-2014 at 05:01 AM..
Reason: Edit
I agree with it. This demographic gap makes buying a house risky proposition at this point in time IMO. When you think about the large wave of sellers (baby boomers) and much smaller wave of potential buyers (gen X, Y, millenials whatever), half of which can't even afford it because of student loans and another half doesn't want it because they want to live in cities... who is the next buyer (for me to sell this house to)? NJ railroad towns will be in competition with far flung NYC neighborhoods. I am just trying to understand whether the next big thing is Westfield or East New York and Coney Island (simplistically speaking). Considering impending generational gap, figuring out which place will be most successful in competition for GenX, Y, whatever money becomes important.
And yes, I am overthinking this.
I think so too. If you purchase in Westfield, I don't think you'd be sorry. No one can predict what will happen ten years from now, but I don't think that your house would be unsellable.
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