I have no idea why anybody who is not in finance would care to live in NYC. That's a late-boomer bias, probably caused by watching Barney Miller.
Why Generation Y Is Causing The Great Migration Of The 21st Century
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Re: Why Generation Y Is Causing The Great Migration Of The 21st Century
#42There's plenty of truth in that article, but I can't help but think that this trend is almost purely a product of demographic changes. People wait longer to get married and have children, so there way more 25-30 year olds who worry more about living within walking distance to a bar and less about a backyard and a nice school. Many of the urban Gen Y the article talks about will move back to the suburbs when they have…
No matter who is doing the driving, walking a few blocks is more convenient than driving a mile. And anyway, walking is more fun.
I grew up in suburbs, and the article described my experience perfectly. I may someday move away from the urban core, but I don't forsee myself ever living more than a block or two from a few cafes and a market.
Re: Why Generation Y Is Causing The Great Migration Of The 21st Century
#43Earlier quoted context omitted.
The self-driving car will still need energy to run. Suburbs are built on the principle that energy is cheap. That is no longer the case.
Gas prices have gone up, but adjusted for inflation not outrageously so. http://inflationdata.com/inflation/images/charts/Oil/Gasolin... Additionally gasoline isn't the only energy source. Once solar power reaches grid parity and electric cars are popular gas prices won't mean much. You're right that energy is finite and if we stay on the current energy consumption growth curve, energy will continue to get more expen…
But gas prices are themselves a big (maybe even the largest?) drivers of inflation, since they are not only counted themselves as they result in price raises for a lot of other products, like food.
Re: Why Generation Y Is Causing The Great Migration Of The 21st Century
#44I have two Gen Y daughters. My general impression is that Gen Y is not analyze-eable as the Baby Boom was. I attribute this to the end of monoculture, but that's probably a bias. I have no idea why anybody who is not in finance would care to live in NYC. That's a late-boomer bias, probably caused by watching Barney Miller.
Re: Why Generation Y Is Causing The Great Migration Of The 21st Century
#45I've actually found most of the growth is in rural communities, not large urban areas. In the 2010 census, you saw low increases, or even decreases in these areas, while more rural areas gained large numbers. For instance, Cook County in Illinois (where Chicago is located) saw a 3% drop in its population from 2000-2010. By contrast, Cass County in North Dakota (where Fargo is located) saw a 21% population increase fr…
Re: Why Generation Y Is Causing The Great Migration Of The 21st Century
#46I'm noticing this play out on the ground in Seattle. There's a big box Target opening up right downtown. It used to be that if you wanted anything from Target, WalMart, BestBuy, etc., you had to go on an adventure to the suburbs. I've noticed other retailers are making moves to smaller stores located in city centers (like BestBuy recently announced http://abcnews.go.com/blogs/business/2012/04/best-buy-releas... ). Al…
Re: Why Generation Y Is Causing The Great Migration Of The 21st Century
#47I have two Gen Y daughters. My general impression is that Gen Y is not analyze-eable as the Baby Boom was. I attribute this to the end of monoculture, but that's probably a bias. I have no idea why anybody who is not in finance would care to live in NYC. That's a late-boomer bias, probably caused by watching Barney Miller.
Re: Why Generation Y Is Causing The Great Migration Of The 21st Century
#48There's plenty of truth in that article, but I can't help but think that this trend is almost purely a product of demographic changes. People wait longer to get married and have children, so there way more 25-30 year olds who worry more about living within walking distance to a bar and less about a backyard and a nice school. Many of the urban Gen Y the article talks about will move back to the suburbs when they have…
EXACTLY. This notion that gen y is some sort of elightend urban dweller is ridiculous. Gen y is the most immature gen ever in American history. They treat college like a party, an excuse to extend childish behavior, and just throw the bill on some low interest student loans. No wonder they all rent, their credit is terrible. And then they don't get that 80k job handed to them, so they still work at Starbucks at 26yrs…
Re: Why Generation Y Is Causing The Great Migration Of The 21st Century
#49If I am old and divorced i'd rather have neighbors across the hall than a house to maintain, even if I can afford it.
Re: Why Generation Y Is Causing The Great Migration Of The 21st Century
#50I've actually found most of the growth is in rural communities, not large urban areas. In the 2010 census, you saw low increases, or even decreases in these areas, while more rural areas gained large numbers. For instance, Cook County in Illinois (where Chicago is located) saw a 3% drop in its population from 2000-2010. By contrast, Cass County in North Dakota (where Fargo is located) saw a 21% population increase fr…
Now, there are parts of ND that are growing, which is largely attributed to oil sands exploration. Which is attracting blue collar workers from some of the declining cities.