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Reply to "Housing and young people – why is this not a solution?"
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[quote=Anonymous][quote=Anonymous]You're assuming the kid has a high paying job that's commutable from the parents' house (or remote). It's interesting to note that we've gone from a country of opportunities and geographic mobility, to a country where your best option is to move back to your parents' house.[/quote] That what happens when housing inflation outpaces wage inflation. The best jobs for young grads may still be in major cities, but now you also need parents who either live nearby (I spent two year after college commuting into new york on the path train with my father, would not recommend) or have parents rich enough to subsidize you [/quote]
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