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Old 07-31-2017, 10:44 AM
 
614 posts, read 452,612 times
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Saw this on Drudgereport today.

https://www.wsj.com/articles/new-jer...lem-1501426802

In my opinion, rents and taxes in Hoboken and Morristown are way to expensive. I don't blame millenial for leaving the state.
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Old 07-31-2017, 11:25 AM
 
1,255 posts, read 3,177,007 times
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I like how the article doesn't mention the most obvious issue. Jobs. If there were jobs that paid well with low living cost and ample job opportunities in the general area, millennials will move there for sure. Reality is jobs in these suburban area doesn't pay that well, job opportunities are limited to certain industries, and living cost isn't that cheap.

So why would millennials who is starting out or starting to get their career going move to these suburbs?
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Old 07-31-2017, 11:54 AM
 
1,995 posts, read 1,162,747 times
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I feel like these two charts pretty much tell the story as to why someone wouldn't want to work in Florham Park when they need to live at home and take whatever job they can get:





High student loans and low pay for entry level jobs. $15 an hour works out to $31,200 a year. Ain't nobody willing to get their own apartment in Hoboken when the minimum wage isn't even that high. And what would make them want to move to Morristown away from, say, anything interesting?
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Old 07-31-2017, 12:02 PM
 
1,527 posts, read 1,725,256 times
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We need to get more millennial to run for office and get to congress and change some of the laws that benefits the millennials.

Right now the baby boomers are doing all the damages to the young generations, not on purpose, they just create laws benefit them first.
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Old 08-04-2017, 08:55 PM
 
Location: NYC
9,840 posts, read 5,838,531 times
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Quote:
Originally Posted by bbnetworking View Post
We need to get more millennial to run for office and get to congress and change some of the laws that benefits the millennials.

Right now the baby boomers are doing all the damages to the young generations, not on purpose, they just create laws benefit them first.
All those boomers got millennials sitting at home to feed.
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Old 08-04-2017, 09:01 PM
 
336 posts, read 113,222 times
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The whole reason Hoboken and Morristown are expensive is because people made it popular. You drive up the price to slow the demand, its simple economics.
All the millenials have to do is invest their wages in a new area and they will be fine.

Then theres the issue of the millenials not having the skills for the jobs in the first place.
Hoboken isnt for millenials, its for people that have the money for the city but dont want to live there, and still want to be social. Not for the faint of wallet.
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Old 08-04-2017, 09:03 PM
 
10,515 posts, read 7,882,896 times
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Funny because a lot of developers developing already overdeveloped land/towns in this state are trying to say that they are attracting millennials who want to rent apartments and not buy homes, yet many of those young people are fleeing? Very interesting.
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Old 08-04-2017, 09:10 PM
 
8,726 posts, read 12,068,534 times
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Unpaywalled link

https://archive.is/dB0vG

Why would millennials move to or remain in suburban NJ? There aren't many jobs and there's not much to do (by young people standards, which basically means ways to find other young people to hook up with)

Commercial is tough because every business with any thought for prestige wants to be in Manhattan. It was different when Manhattan was a dirty and dangerous place; then everyone who could lived out in the suburbs so they didn't get killed. Now, there's no such barrier.
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Old 08-05-2017, 06:22 AM
 
Location: Weehawken
735 posts, read 437,609 times
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I refuse to give the Drudge a click but the WSJ ran a similar story last week.

Millenials are increasingly looking for urbanized living with amenities within walking distance. Hoboken and JC offer that but are becoming increasingly expensive to the point where moving to NYC isn't a big stretch. Millenials for the most part are not ready for quiet residential living so NJ suburbs don't interest them.

The question of jobs might apply to the southern or central part of the state but up here most jobs are in NYC anyway. Commuting there from NJ gets worse every year.
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Old 08-05-2017, 09:26 AM
 
50 posts, read 18,247 times
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Quote:
Originally Posted by vision33r View Post
All those boomers got millennials sitting at home to feed.
New jersey ranked #1 with the most Adult children living at home with there parents
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