3 ms·

I think it's much more that the prospect of owning a house in an area which one may want to live has gotten so expensive that many millennials just can't realis

• malvosenior 7y ago
  I think the definition of "an area which one may want to live" has drastically narrowed. It used to be widely known that living in NY was very expensive and not something everyone expected to do. Now that seems to be table stakes. It's as if the image of upper class life got so normalized that middle class people no longer even realize that striving for it will send you to the poor house. I know a lot of people who have spent tons of money on international travel, justifying it in part by saying that housing is too expensive so might as well blow the money on "experiences". Those people live in NY and SF. They could have a bought a house very easily with the money they spent on travel (or a wedding as per the OP) if they were willing to live somewhere other than the most expensive places on earth.
  • JansjoFromIkea 7y ago
    This is more down to globalisation than anything else though, everything has become centralised into very specific hubs because it's more efficient and elsewhere has suffered. As someone who grew up in a pretty rural area in a small country, I can tell you there wasn't that much of a choice to remain there. A lot of the most expensive places to live are also becoming some of the only places where career prospects seem remotely strong.