3 ms·
Could this be directly tied to millenials aging? The article does not really address that. > The net population flows skewed away from the most expensive marke
by arcanus 10y ago
Could this be directly tied to millenials aging? The article does not really address that.
> The net population flows skewed away from the most expensive markets, though the trend became less pronounced for those higher up the income scale. For example, there was a net flow of more than 27,000 people making less than $30,000 from high-cost markets to more affordable markets throughout those five years, but for those making more than $100,000, the net loss declined to 2,438 people.
Interesting to consider that cities might become 'gated communities' not because of actual discriminatory laws, but through simple force of economics.
- throwaway40483 10y agoI think the article makes it the correlation between education attainment (a proxy for income) and net loss. So, it isn't that millenials are aging. It's whether they get credentials as they age.