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We have a situation in America where virtually all the jobs that college grads get are located in the same few trendy cities (San Francisco, Boston, Seattle, NYC, Chicago). This wasn't a problem a decade ago because the city limits themselves were affordable and the suburbs were commutable. Now the cities and suburbs have become unlivable due to the population growth. This is fine with the 20-somethings for now since they like living where all the "action" is and don't mind a 380-sqft studio apt. But I wonder what will happen when they get married and want to have kids in their 30s or 40s. I guess it's possible that by that time their companies will push them out to make room for the next generation of 20-somethings who want the urban lifestyle. Another possibility is they just accept a downgraded lifestyle and live in expensive, small condos like families do in Tokyo and Seoul. Yet another possibility is that companies start building offices in non-trendy areas where their workers can have a traditional middle-class lifestyle.
We have a situation in America where virtually all the jobs that college grads get are located in the same few trendy cities (San Francisco, Boston, Seattle, NYC, Chicago). This wasn't a problem a decade ago because the city limits themselves were affordable and the suburbs were commutable. Now the cities and suburbs have become unlivable due to the population growth. This is fine with the 20-somethings for now since they like living where all the "action" is and don't mind a 380-sqft studio apt. But I wonder what will happen when they get married and want to have kids in their 30s or 40s. I guess it's possible that by that time their companies will push them out to make room for the next generation of 20-somethings who want the urban lifestyle. Another possibility is they just accept a downgraded lifestyle and live in expensive, small condos like families do in Tokyo and Seoul. Yet another possibility is that companies start building offices in non-trendy areas where their workers can have a traditional middle-class lifestyle.
What do you think?
Or they will move to the suburbs and commute, like people with kids have done for decades.
As long as you are in a field that has pay scaling along with the cost of living of the location, it is better from a wealth building standpoint to live in a high cost of living area. I understand that this will be confusing for the mathematically challenged among us.
As the above poster said, they will move out to the suburbs... or, as evidenced by a lot of the other transplants I know here (St. Louis), they relocate to more affordable cities if their job allows it.
It is crazy how many people from the east and west coast I've met in recent years who have relocated here after starting a family (or in our case, when I was expecting my first). I'm sure other rust belt cities are the same. Additionally, states like NC have seen a huge influx of families from the North East due to the comparatively lower COL.
We have a situation in America where virtually all the jobs that college grads get are located in the same few trendy cities (San Francisco, Boston, Seattle, NYC, Chicago).
Or they will move to the suburbs and commute, like people with kids have done for decades.
The affordable suburbs are getting pushed out farther, 1.5 hrs each way at least. Not to mention that white collar jobs nowadays aren't 8-hr days, more like 10-12. How can a society raise families if both parents are gone from 7 a.m. to 9 p.m.?
The affordable suburbs are getting pushed out farther, 1.5 hrs each way at least. Not to mention that white collar jobs nowadays aren't 8-hr days, more like 10-12. How can a society raise families if both parents are gone from 7 a.m. to 9 p.m.?
No idea what the goal/point of the OP is.....just a rant?
Of course it's a rant, & a stupid one at that.
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