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WSJ: Big cities bleeding millenials as they flee dystopias of boomers and browns
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Date: September 26th, 2019 10:33 AM Author: beady-eyed ruby regret plaza https://www.wsj.com/articles/millennials-continue-to-leave-big-cities-11569470460
Millennials Continue to Leave Big Cities
Census figures show smaller drop in young urban residents than previous years, but many still leaving for cheaper housing, better schools
New York lost almost 38,000 people age 25 to 39 last year, U.S. Census data show. PHOTO: RON ANTONELLI/BLOOMBERG NEWS By Janet Adamy and Paul Overberg Sept. 26, 2019 12:01 am ET Large U.S. cities lost tens of thousands of millennial and younger Gen X residents last year, according to Census figures released Thursday that offer fresh signs of cooling urban growth.
Cities with more than a half million people collectively lost almost 27,000 residents age 25 to 39 in 2018, according to a Wall Street Journal analysis of the figures. It was the fourth consecutive year that big cities saw this population of young adults shrink. New York, Chicago, Houston, San Francisco, Las Vegas, Washington and Portland, Ore., were among those that lost large numbers of residents in this age group.
Ebb and Flow Millennials and younger Gen Xers are movingaway from cities after boosting urban growthin the wake of the recession. Change in large city populations from a yearearlier, ages 25 to 39 .thousand 2008 ’10 ’12 ’14 ’16 ’18 -125 -100 -75 -50 -25 0 25 Younger Millennials and recent collegegraduates are still moving to cities, thoughthat pace has generally slowed in recent years. Change in large city populations from a yearearlier, ages 20 to 24 Source: Census Bureau Note: Cities are those with populations of 500,000 ormore .thousand 2008 ’10 ’12 ’14 ’16 ’18 0 25 50 75 100 125 The drop in young urban residents last year was smaller than in 2017, when big cities lost nearly 54,000 residents in this age group. But the sustained declines signal a sharp reversal from the beginning of the decade, when young adults flooded into cities and helped lead an urban revival.
The 2018 drop was driven by a fall in the number of urban residents between 35 and 39 years old. While the number of adults younger than that rose in big cities, those gains have tapered off in recent years.
Separate Census figures show the majority of people in these age groups who leave cities move to nearby suburbs or the suburbs of other metro areas.
City officials say that high housing costs and poor schools are main reasons that people are leaving. Although millennials—the cohort born between 1981 and 1996—are marrying and having children at lower rates than previous generations, those who do are following in their footsteps and often settling down in suburbs.
“They might prefer to stay in the city for lifestyle reasons but
might end up leaving because of the quality of the public goods,” said Katherine Levine Einstein, an assistant professor of political science at Boston University.
SHARE YOUR THOUGHTS What’s the most effective thing that cities could do to keep more millennials as they reach middle age? Join the conversation below.
Prof. Einstein helped lead a 2017 study of U.S. mayors that found that only 13% said the housing stock fit the needs of their constituents “very well” or “extremely well,” a sentiment that was true in rich and poor cities alike. “They see a really serious mismatch between what their city’s current housing stock is and what their residents need,” she said.
New York lost almost 38,000 people age 25 to 39 last year, a decline that was roughly twice the size that it experienced each of the previous three years. That drop coincided with the city’s first overall population decline in more than a decade in 2018.
Among the big cities that gained large numbers of young adults were Los Angeles, Phoenix, San Antonio, San Diego, Austin, Seattle, Denver and Columbus. |
Date: September 26th, 2019 10:38 AM Author: Lime potus digit ratio ODD FUCKING CASE
>> Although millennials—the cohort born between 1981 and 1996—are marrying and having children at lower rates than previous generations, those who do are following in their footsteps and often settling down in suburbs.
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Date: September 26th, 2019 10:39 AM Author: alcoholic pontificating school knife It's almost like they don't want to be surrounded by niggers, homeless, and rampant crime. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889074) |
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Date: September 26th, 2019 10:40 AM Author: pearl lay (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889079) |
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Date: September 26th, 2019 10:47 AM Author: Disturbing hall (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889120) |
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Date: September 26th, 2019 11:00 AM Author: wild transparent public bath idiot (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889205) |
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Date: September 26th, 2019 2:24 PM Author: Blue Heaven Twinkling Uncleanness funny how that is (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890296) |
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Date: September 26th, 2019 10:49 PM Author: electric den (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38893086) |
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Date: September 26th, 2019 10:40 AM Author: khaki kitchen GC Jews: "GET BACK IN" (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889080) |
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Date: September 26th, 2019 12:09 PM Author: soul-stirring free-loading coffee pot (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889541) |
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Date: September 26th, 2019 12:10 PM Author: talented electric furnace quadroon (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889551) |
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Date: September 26th, 2019 12:26 PM Author: Flirting abnormal native hominid (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889645) |
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Date: September 26th, 2019 2:50 PM Author: emerald effete persian (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890440) |
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Date: September 26th, 2019 10:42 AM Author: Orchid Nursing Home I wish more would leave. A lot more. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889094) |
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Date: September 26th, 2019 10:43 AM Author: Cerebral faggotry And yet, you, stay. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889096) |
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Date: September 26th, 2019 10:45 AM Author: Orchid Nursing Home I don’t have kids or a family or anything. I see these people pushing their strollers through the crowded streets, hauling multiple gear bags and just looking stressed and harried. It’s silly. And over crowded cities are bad for everyone. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889109) |
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Date: September 26th, 2019 10:50 AM Author: Cerebral faggotry Vermont is calling. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889144) |
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Date: September 26th, 2019 10:45 AM Author: Cerebral faggotry The lifestyle of good schools, safety, space and affordability without feral human and crime elements is not accessible in rural or urban america, as it is not built up in rural and too costly in urban. So, suburbs are the only option that provide the right confluence of factors for families as Millennials plant roots, which also offer accessibility to urban resources without living in the city center.
Anyway, why is this even news? |
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Date: September 26th, 2019 10:59 AM Author: Magenta Cruel-hearted Pit Dingle Berry "Anyway, why is this even news?"
People saw the trends for a few years and thought that millennials would completely reject suburbs. No one wants to admit that millennials are just poorer than previous generations so their marriage, family creation, and house purchasing tends to be delayed.
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Date: September 26th, 2019 10:59 AM Author: beady-eyed ruby regret plaza woah cr friend (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889201) |
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Date: September 26th, 2019 1:17 PM Author: Flirting abnormal native hominid (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889943) |
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Date: September 26th, 2019 2:05 PM Author: big-titted office (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890228) |
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Date: September 26th, 2019 10:46 AM Author: Exhilarant chest-beating toilet seat families with young kids moving to suburbs. news at 11. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889111) |
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Date: September 26th, 2019 1:33 PM Author: impressive karate parlor (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890054) |
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Date: September 26th, 2019 1:34 PM Author: talented electric furnace quadroon (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890055) |
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Date: September 26th, 2019 2:51 PM Author: emerald effete persian (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890443) |
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Date: September 26th, 2019 4:03 PM Author: coiffed tanning salon filthpig (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890861) |
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Date: September 26th, 2019 10:50 AM Author: Onyx Adventurous Stage Son Of Senegal "New York lost almost 38,000 people age 25 to 39 last year, a decline that was roughly twice the size that it experienced each of the previous three years. That drop coincided with the city’s first overall population decline in more than a decade in 2018."
yep. especially banks who are cutting headcount. 50% of the back office can be replaced with algos or blockchain ledgers. 90% of traders already replaced with automation. everyone else making less than $300k needs to move out as it's not worth the stress and lifestyle. better to make $150k in Dallas even if u take a 50% haircut. |
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Date: September 26th, 2019 10:54 AM Author: Wine masturbator There are basically no jobs in Texas paying 150k. The jobs the banks insourced to flyover are the 150k job. Those jobs now pay 80k in Texas. 80-90k is shit everywhere. The jobs staying in NY are the 300k MD level jobs they cant move because the MD would just quit rather than relocate. No one at that level is taking 150k in flyover which is why that 150k Texas job is rare as fuck and almost doesnt exist. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889167) |
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Date: September 26th, 2019 11:04 AM Author: contagious trailer park goal in life you’re a back office compliance monkey not an “MD” LMAO (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889238) |
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Date: September 26th, 2019 11:08 AM Author: Wine masturbator Im an MD over back office compliance monkeys. My bank is a US subsidiary of a European insurance company. We are too small to insource bank reg compliance out of NY. We also dont have a broker-dealer anymore and our equities business is wholly fixed income so it makes Compliance pretty easy. ARE biggest problem is technology. Its impossible for medium sized banks to have megabank IT infrastructure but the regulators dont want to hear it. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889264) |
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Date: September 26th, 2019 1:04 PM Author: racy bat shit crazy whorehouse woah-K there, hoss. slow down a tick (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889866) |
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Date: September 26th, 2019 11:12 AM Author: Bright Step-uncle's House Double Fault "There are basically no jobs in Texas paying 150k."
lol. |
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Date: September 26th, 2019 4:06 PM Author: stimulating blood rage forum I guess this is what you have to tell yourself to stay in NYC (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890882) |
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Date: September 26th, 2019 11:15 AM Author: Magenta Cruel-hearted Pit Dingle Berry I think you're right in the sense that it's not 150k-300k job holders who are part of the exodus from NYC and influx into second-tier cities. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889295) |
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Date: September 26th, 2019 12:02 PM Author: lascivious elastic band Law, consulting, even accounting have tons of 150k+ in Texas (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889514) |
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Date: September 26th, 2019 12:04 PM Author: Onyx Adventurous Stage Son Of Senegal (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889523) |
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Date: September 26th, 2019 12:09 PM Author: Wine masturbator Lawyers in Texas at the median make 85k which is almost 40k less than the median nationally. Good luck practicing there. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889542) |
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Date: September 26th, 2019 12:25 PM Author: Coral milk theater stage They probably work like 5 hours a week
I moved to flyover for an 80k government attorney job. I probably work 10 hours a week on avg, and none of it is nearly as stressful or thought intensive as biglaw |
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Date: September 26th, 2019 4:04 PM Author: stimulating blood rage forum I have a $150k job in Texas. And there are plenty of jobs paying more than that. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890869) |
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Date: September 26th, 2019 10:51 AM Author: khaki kitchen boomers can live in cities full of empty chinese owned apartments (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889150) |
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Date: September 26th, 2019 5:23 PM Author: hairraiser anal striped hyena (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38891392) |
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Date: September 26th, 2019 10:52 AM Author: chocolate misanthropic messiness field I have been saying that reports of the suburbs demise are greatly exaggerated.
But don't worry, libs are coming for those too. |
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Date: September 26th, 2019 10:56 AM Author: Wine masturbator Nothing in NYC is broken that another Republican mayor cant fix quickly. They just need to fix the subways and give the police free rein again. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889180) |
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Date: September 26th, 2019 10:57 AM Author: alcoholic pontificating school knife Soviet power will make all irrelevant soon (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889190) |
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Date: September 26th, 2019 11:02 AM Author: Magenta Cruel-hearted Pit Dingle Berry Crime isn't the problem in NYC. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889226) |
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Date: September 26th, 2019 12:26 PM Author: Coral milk theater stage (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889640) |
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Date: September 26th, 2019 12:05 PM Author: Topaz multi-colored degenerate school cafeteria Subway costs are a bigger problem than anything else. Why would you want to throw more money at the union stooges? (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889526) |
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Date: September 26th, 2019 12:26 PM Author: Coral milk theater stage I felt pretty safe in NYC. It's just a complete shithole and unless you make like 2MM a year, your QOL will be low. And people work way too much.
And the schools are trash. |
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Date: September 26th, 2019 12:33 PM Author: Cerebral faggotry A decent size home is decent neighborhood is 800k-1mm minimum.
You have to send your kids to private school, 8-10k a year minimum, and very possibly much more.
It's generally quite safe, it has amazing resources and options but to live what is considered a "normal" middle class life requires an income far above what would be considered middle class, or even upper middle class. |
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Date: September 26th, 2019 12:34 PM Author: Coral milk theater stage A decent size home is probably more like 2-3MM in NY metro area. Private schools cost like 40k/year and you end up sending your dumb kid to some TTT like Colgate or Cornell after spending 1MM educating them. It's all flame. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889690) |
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Date: September 26th, 2019 12:37 PM Author: Cerebral faggotry Correct. Generally the city and high-end burbs around it are for people for whom money already really isn't an issue. For example, I knew a dumb girl who went to a TTT college, raised in a huge home in Queens and attended private school her whole life. Her family owns multiple townhouses on the UWS and other rental properties around Queens. Money just doesn't mean too much even if they get a shit outcome for their daughter bc they can afford it. Most people cannot. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889708) |
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Date: September 26th, 2019 1:20 PM Author: Flirting abnormal native hominid What about commuter burbs like Port Washington or Montclair? These are commuting distance from NYC, but homes are still somewhat affordable. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889958) |
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Date: September 26th, 2019 1:21 PM Author: Cerebral faggotry The vast majority of these homes are not "affordable."
The "affordable parts of Montclair are bad and the good parts your buy-in is around 700k. Port Washington is a 1mm+ home town. |
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Date: September 26th, 2019 1:26 PM Author: Flirting abnormal native hominid Jesus, have family and friends in both - rich motherfuckers (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890002) |
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Date: September 26th, 2019 3:06 PM Author: Magenta Cruel-hearted Pit Dingle Berry There are definitely good towns where you can get a 500-600k house within 40-50 min train ride to manhattan. There's tons of commuter rail that runs through LI, Westchester, and NJ. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890574) |
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Date: September 26th, 2019 1:22 PM Author: Dead sticky round eye “Free reign”
Lmfao |
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Date: September 26th, 2019 10:57 AM Author: Doobsian Jewess Sounds racist. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889189) |
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Date: September 26th, 2019 11:00 AM Author: chartreuse national scourge upon the earth (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889209) |
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Date: September 26th, 2019 11:44 AM Author: big senate They move away from cities and continue to vote Democrat (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889429) |
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Date: September 26th, 2019 11:57 AM Author: mentally impaired arousing university crotch lol if they're moving to LA that's not the case ljl if they move and continue to vote dem |
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Date: September 26th, 2019 12:53 PM Author: big senate They will (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889805) |
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Date: September 26th, 2019 1:07 PM Author: Up-to-no-good apoplectic set I've noticed my HS classmates (almost exclusively black) getting the hell out of dodge. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889883) |
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Date: September 26th, 2019 1:11 PM Author: chocolate misanthropic messiness field Where are they going? To the NY suburbs or to 2nd and 3rd tier cities? (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889908) |
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Date: September 26th, 2019 1:27 PM Author: Flirting abnormal native hominid Back to the South (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890013) |
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Date: September 26th, 2019 1:32 PM Author: racy bat shit crazy whorehouse (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890047) |
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Date: September 26th, 2019 1:51 PM Author: Up-to-no-good apoplectic set Yup. Houston, Atlanta, Virginia. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890143) |
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Date: September 26th, 2019 2:13 PM Author: chocolate misanthropic messiness field cool. for cost reasons? cultural reasons? both? (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890255) |
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Date: September 26th, 2019 3:44 PM Author: Up-to-no-good apoplectic set Both. A lot of them grew up in houses their boomer parents owned and realized they'll never have a shot at being homeowners if they stay in NYC. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890780) |
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Date: September 26th, 2019 2:14 PM Author: Exciting adulterous antidepressant drug pocket flask If you're black I can't imagine not living in the atl. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890263) |
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Date: September 26th, 2019 1:35 PM Author: impressive karate parlor Ghana (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890059) |
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Date: September 26th, 2019 1:14 PM Author: Lemon Bawdyhouse Dysfunction actual americans are going to start fleeing inland in droves because they understand the scam (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889927) |
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Date: September 26th, 2019 2:29 PM Author: Fiercely-loyal Athletic Conference Roast Beef I spend a lot of time at work looking at nice properties in the middle of nowhere in ARE country. Preferably on a lake or something. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890319) |
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Date: September 26th, 2019 4:37 PM Author: impressive karate parlor Shaker Heights beckons (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38891071) |
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Date: September 26th, 2019 2:01 PM Author: magical cracking weed whacker Real estate is too expensive. LOL at you guys trying to make it into some kind of societal thing. Some group of people always move for kids, or to get away from browns, or whatever. What has changed is that boomers have jacked up the cost of buying/renting, and now refuse to build new units in their neighborhood. So people leave. It's not complicated. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890205) |
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Date: September 26th, 2019 4:08 PM Author: Lemon Bawdyhouse Dysfunction Nice try! (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890894) |
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Date: September 26th, 2019 2:09 PM Author: Slate corner puppy Attack ships on fire off the shoulder of Orion. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890244) |
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Date: September 26th, 2019 4:34 PM Author: tan legal warrant Is 27k a lot? (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38891061) |
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Date: September 26th, 2019 4:38 PM Author: trip nudist crackhouse main people it's "a lot" relative to all the richard florida-style predictions from the past 20 years about how millennials would lead a grand march "back to the cities," with suburbs withering on the vine and depopulating. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38891075) |
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Date: September 26th, 2019 6:37 PM Author: fuchsia sick deer antler Big cities don't give a fuck about middle class families. Preschool is $30,000 (but free for the poor, funded by you). There are no athletic fields (but there are homeless toilets, funded by you at $50,000 a piece).
It wouldn't be that hard to make living in NYC better for families, but there's no interest in that. |