The most prestigious law school admissions discussion board in the world.
|
 |
 
|
WSJ: Big cities bleeding millenials as they flee dystopias of boomers and browns
Poast new message in this thread
Date: September 26th, 2019 10:33 AM Author: Underhanded buff school antidepressant drug 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: Maniacal Misunderstood Sneaky Criminal Hall 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.
|
 |
Date: September 26th, 2019 10:39 AM Author: indigo vibrant pervert 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) |
|
Date: September 26th, 2019 10:40 AM Author: awkward thriller principal's office private investor (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889079) |
|
Date: September 26th, 2019 10:47 AM Author: Ruby house (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889120) |
|
Date: September 26th, 2019 11:00 AM Author: Turquoise native (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889205) |
|
Date: September 26th, 2019 2:24 PM Author: Umber Dilemma funny how that is (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890296) |
|
Date: September 26th, 2019 10:49 PM Author: Swashbuckling field stain (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38893086) |
|
Date: September 26th, 2019 10:40 AM Author: charismatic greedy knife halford GC Jews: "GET BACK IN" (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889080) |
|
Date: September 26th, 2019 12:09 PM Author: magical azure forum karate (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889541) |
|
Date: September 26th, 2019 12:10 PM Author: Bat-shit-crazy Chapel (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889551) |
|
Date: September 26th, 2019 12:26 PM Author: Slippery center (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889645) |
|
Date: September 26th, 2019 2:50 PM Author: mewling grizzly casino preventive strike (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890440) |
|
Date: September 26th, 2019 10:42 AM Author: exciting depressive associate I wish more would leave. A lot more. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889094) |
|
Date: September 26th, 2019 10:43 AM Author: jade hominid voyeur And yet, you, stay. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889096) |
|
Date: September 26th, 2019 10:45 AM Author: exciting depressive associate 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) |
|
Date: September 26th, 2019 10:50 AM Author: jade hominid voyeur Vermont is calling. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889144) |
|
Date: September 26th, 2019 10:45 AM Author: jade hominid voyeur 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? |
|
Date: September 26th, 2019 10:59 AM Author: Alcoholic sable site "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.
|
|
Date: September 26th, 2019 10:59 AM Author: Underhanded buff school antidepressant drug woah cr friend (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889201) |
|
Date: September 26th, 2019 1:17 PM Author: Slippery center (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889943) |
|
Date: September 26th, 2019 2:05 PM Author: Cracking cumskin (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890228) |
|
Date: September 26th, 2019 10:46 AM Author: swollen meetinghouse families with young kids moving to suburbs. news at 11. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889111) |
|
Date: September 26th, 2019 1:33 PM Author: Mildly autistic theater stage skinny woman (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890054) |
|
Date: September 26th, 2019 1:34 PM Author: Bat-shit-crazy Chapel (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890055) |
|
Date: September 26th, 2019 2:51 PM Author: mewling grizzly casino preventive strike (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890443) |
|
Date: September 26th, 2019 4:03 PM Author: Copper spectacular locus (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890861) |
|
Date: September 26th, 2019 10:50 AM Author: Silver mad cow disease step-uncle's house "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. |
|
Date: September 26th, 2019 10:54 AM Author: blue brunch gunner 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) |
|
Date: September 26th, 2019 11:04 AM Author: Costumed Heady State you’re a back office compliance monkey not an “MD” LMAO (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889238) |
|
Date: September 26th, 2019 11:08 AM Author: blue brunch gunner 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) |
|
Date: September 26th, 2019 1:04 PM Author: slimy comical crackhouse generalized bond woah-K there, hoss. slow down a tick (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889866) |
|
Date: September 26th, 2019 11:12 AM Author: beady-eyed gay gay wizard son of senegal "There are basically no jobs in Texas paying 150k."
lol. |
|
Date: September 26th, 2019 4:06 PM Author: brass garrison patrolman 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) |
|
Date: September 26th, 2019 11:15 AM Author: Alcoholic sable site 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) |
|
Date: September 26th, 2019 12:02 PM Author: filthy vivacious box office Law, consulting, even accounting have tons of 150k+ in Texas (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889514) |
|
Date: September 26th, 2019 12:04 PM Author: Silver mad cow disease step-uncle's house (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889523) |
|
Date: September 26th, 2019 12:09 PM Author: blue brunch gunner 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) |
|
Date: September 26th, 2019 12:25 PM Author: Aromatic scarlet hissy fit 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 |
|
Date: September 26th, 2019 4:04 PM Author: brass garrison patrolman 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) |
|
Date: September 26th, 2019 10:51 AM Author: charismatic greedy knife halford boomers can live in cities full of empty chinese owned apartments (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889150) |
|
Date: September 26th, 2019 5:23 PM Author: magenta wonderful public bath (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38891392) |
|
Date: September 26th, 2019 10:52 AM Author: fear-inspiring confused set half-breed I have been saying that reports of the suburbs demise are greatly exaggerated.
But don't worry, libs are coming for those too. |
|
Date: September 26th, 2019 10:56 AM Author: blue brunch gunner 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) |
|
Date: September 26th, 2019 10:57 AM Author: indigo vibrant pervert Soviet power will make all irrelevant soon (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889190) |
|
Date: September 26th, 2019 11:02 AM Author: Alcoholic sable site Crime isn't the problem in NYC. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889226) |
|
Date: September 26th, 2019 12:26 PM Author: Aromatic scarlet hissy fit (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889640) |
|
Date: September 26th, 2019 12:05 PM Author: Rambunctious Trip French Chef 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) |
|
Date: September 26th, 2019 12:26 PM Author: Aromatic scarlet hissy fit 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. |
|
Date: September 26th, 2019 12:33 PM Author: jade hominid voyeur 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. |
|
Date: September 26th, 2019 12:34 PM Author: Aromatic scarlet hissy fit 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) |
|
Date: September 26th, 2019 12:37 PM Author: jade hominid voyeur 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) |
|
Date: September 26th, 2019 1:20 PM Author: Slippery center 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) |
|
Date: September 26th, 2019 1:21 PM Author: jade hominid voyeur 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. |
|
Date: September 26th, 2019 1:26 PM Author: Slippery center Jesus, have family and friends in both - rich motherfuckers (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890002) |
|
Date: September 26th, 2019 3:06 PM Author: Alcoholic sable site 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) |
|
Date: September 26th, 2019 1:22 PM Author: Stirring mint sanctuary “Free reign”
Lmfao |
|
Date: September 26th, 2019 10:57 AM Author: drunken primrose market Sounds racist. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889189) |
|
Date: September 26th, 2019 11:00 AM Author: Aphrodisiac Splenetic Nibblets Goal In Life (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889209) |
|
Date: September 26th, 2019 11:44 AM Author: Irradiated dragon They move away from cities and continue to vote Democrat (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889429) |
|
Date: September 26th, 2019 11:57 AM Author: Exhilarant gaping lol if they're moving to LA that's not the case ljl if they move and continue to vote dem |
|
Date: September 26th, 2019 12:53 PM Author: Irradiated dragon They will (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889805) |
|
Date: September 26th, 2019 1:07 PM Author: impertinent dull chad 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) |
|
Date: September 26th, 2019 1:11 PM Author: fear-inspiring confused set half-breed 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) |
|
Date: September 26th, 2019 1:27 PM Author: Slippery center Back to the South (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890013) |
|
Date: September 26th, 2019 1:32 PM Author: slimy comical crackhouse generalized bond (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890047) |
|
Date: September 26th, 2019 1:51 PM Author: impertinent dull chad Yup. Houston, Atlanta, Virginia. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890143) |
|
Date: September 26th, 2019 2:13 PM Author: fear-inspiring confused set half-breed cool. for cost reasons? cultural reasons? both? (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890255) |
|
Date: September 26th, 2019 3:44 PM Author: impertinent dull chad 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) |
|
Date: September 26th, 2019 2:14 PM Author: curious corner 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) |
|
Date: September 26th, 2019 1:35 PM Author: Mildly autistic theater stage skinny woman Ghana (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890059) |
|
Date: September 26th, 2019 1:14 PM Author: electric home black woman 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) |
|
Date: September 26th, 2019 2:29 PM Author: Light Toaster 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) |
|
Date: September 26th, 2019 4:37 PM Author: Mildly autistic theater stage skinny woman Shaker Heights beckons (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38891071) |
|
Date: September 26th, 2019 2:01 PM Author: Tripping bossy orchestra pit 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) |
|
Date: September 26th, 2019 4:08 PM Author: electric home black woman Nice try! (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890894) |
|
Date: September 26th, 2019 2:09 PM Author: pontificating mischievous jap Attack ships on fire off the shoulder of Orion. (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38890244) |
|
Date: September 26th, 2019 4:34 PM Author: Orange ratface indian lodge Is 27k a lot? (http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38891061) |
|
Date: September 26th, 2019 4:38 PM Author: Cowardly lime national foreskin 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) |
|
Date: September 26th, 2019 6:37 PM Author: Sexy sex offender police squad 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. |