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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]https://www.washingtonpost.com/amphtml/realestate/the-new-boomtowns-why-more-people-are-relocating-to-secondary-cities/2018/11/07/f55f96f4-d618-11e8-aeb7-ddcad4a0a54e_story.html Just one in a long line of recent articles pointing to a mass exodus of young people from cities like DC. Despite the groupthink here, I think it’s safe to say that prices can only go so high when young families have more options than they once did (you can move anywhere with telework and good jobs can be had basically anywhere). Also, the whole “____ is too conservative/southern” argument is losing steam because secondary cities are all flipping to blue zones.[/quote] The facts I've read on this state the opposite. In fact, more and more people are moving to the cities. By 2030 it's something like 10% more than today.[/quote] Yes, but NOT cities like NY/SF/Bos/DC. Millenials are flocking to the "second tier" cities like Denver, Richmond, etc. If you look at state-to-state migration patterns, it's the blue, mainly northeastern (plus Illinois), states that are hemorrhaging their populations. [/quote] AND overall, many of these states are the ones hemorrhaging high-income earners the most rapidly. As in overall migration, New York sets the standard, with the highest outmigration of high income earners (defined as annual income over $200,000) relative to in-migrants (attraction ratio: 53). New York is followed closely by Illinois, the District of Columbia and New Jersey, which are the top states losing the over-$200,000-a-year crowd. The big winners in terms of affluent migration tend to be mainly in the Sun Belt and the Intermountain West. Florida has an attraction ratio for people earning over $200,000 a year of 223, the highest in the nation, followed by South Carolina, Montana, Idaho and North Carolina. Four of the states with the highest attraction rate among the highest income earners were in the top five in net in–migration of seniors, many of whom are taking nice nest eggs with them. South Carolina scored the highest, followed by Delaware, Idaho, North Carolina and Florida. [/quote]
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