Reply to Are millennials under 25 in the DC area priced out of getting married, having kids, owning a home?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes, pretty much.

I graduated in 2010. Moved to DC at 21 and got 3 successive unpaid/stipend internships. Found a job for $30,000 a year. I was miserable at the place but I had no idea how poor I was. I was lucky that I found a place in Columbia Heights with a room for $500/mo and then  I found a new job at $35K and decided I wanted to live in my own place in Silver Spring. Even then it was insanely tight.

After 3 years and the age of 24 I left DC and moved abroad to get work experience. I'm moving back in 2017 as a 29-year-old homeowner in Logan Circle. However that's only becaue I worked my ass off for four years to make my way into a six-figure income. I don't think that can be done from [i]within[/i] DC unless you start off strong, say in banking. Or if you want to wait 15 years until you finally make it up the ladder.

In either case, not common.[/quote]

15 years from now can you imagine how insane the cost of living will have become?[/quote]

It will be unlivable. [/quote]

Then the prices will decrease.  [/quote]

Like New York, San Francisco and Boston have? Get real.[/quote]

These cities are unlivable.  [/quote]

Plenty of people live there though and love it. You just have to be wealthy. Unlivable is a really non-specific term. Just say unaffordable so we know what you're talking about. Because those 'unlivable' cities are seeing unprecedented growth and prosperity. Not saying its right, just the way it is. Same with DC though out of the four listed I think its technically the cheapest but I'm not sure about it versus Boston.[/quote]

Actually, there have been lots of talk of major change in San Francisco and Silicon Valley.  NYT just had a big piece on it.  It seems many people indeed find the housing crunch to be "unlivable"- as in, you cannot live there- because there are simply homes available at any kind of accessible price range.  [/quote]

Yet the cities continue to grow. YOU may not be able to afford to love there but there are things in life that each of us will find ourselves unable to do. Life's tough. They are paying a premium to love in world class cities and they are okay with it. If they aren't, presumably they move. Am I being too pragmatic for though and this notion that "major change" is going to come because some millenials are being told "not for you" when they look at price tag, I can tell you you are wrong.[/quote]

Sure, life's tough.  But when the vast majority of the population gets priced out of an area, that's when you see the electorate respond.  Sorry Marie Antoinette, but that's why lawmakers are convening to fix things. Get your head out of the sand. [/quote]

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